The fall Chicago wheat was the strongest in a month
Tuesday on the Chicago stock exchange there was a fall of wheat prices. It became the strongest in the last 4 weeks. For a day off on the occasion of memorial Day, which was celebrated in USA on Monday, on Tuesday night postponed the publication of the next USDA report on condition of crops of crops for future harvest. In the absence of official forecasts of the exchange drew attention to information from experts. All of them expect a further improvement of the condition of winter crops and good growing season spring wheat due to favorable weather.
Wheat quotations on the July contracts fell:
- the 6,25 $/tonne to 170,67 $/tones of soft wheat SRW in Chicago,
- the by 4.59 $/tonne to 164,33 $/tone for hard wheat HRW in Kansas city
- the 2.85 $/tonne to 191,16 $/tones hard wheat HRS in Minneapolis.
the Rapid drop in wheat quotations at Chicago corresponding impact on European exchanges.
September quotes milling wheat on the Paris MATIF fell by 2.00 euros/tonne to 164,75 Euro/tone or 183,54 $/ton.