Precipitation in the United States lowered the price of wheat
Friday at a wheat site in Chicago investors for a third straight day recorded a profit.
in addition to the further strengthening of the dollar, the market was influenced by a forecast of possible snowfall in the regions of cultivation of soft winter wheat that will restore the soil moisture reserves and protect the crops from frost.
March U.S. wheat futures fell
1.38 $/t to 170,21 $/t for solid winter HRW wheat in Kansas city
by 2.94 $/t to 221,84 $/t on a firm spring HRS wheat in Minneapolis.
- 1.56 $/t to 164,15 $/t for SRW soft winter-wheat in Chicago
Egyptian operator GASC bought 180 TMT of Russian wheat for delivery 5-15 March at a price 202,7-of 204.8 $/t on FOB basis, which exceeds the purchase price of the previous trading. This supported the prices of European wheat, together with the weakening of the Euro.
in addition, traders hope that the tender which will hold Saudi Arabia, the victory of European wheat.
- March delivery milling wheat on MATIF rose by €1/t to 157,25 €/t (195,75 $/t).