After the collapse of the speculative prices of wheat in the United States began speculative growth
on Monday, the U.S. wheat market rose slightly amid investors closing short positions, which mainly little speculative motives after a significant price collapse last week.
in a Certain way wheat quotations supported the corn market, the growth of which is attributable to fears for the progress of the sowing campaign. Rainy weather delays the sowing time.
May quotes of the American wheat grew:
- in Chicago by 1.56 $/tonne to 173,15 $/tones of soft wheat SRW,
- in Kansas city 0.28 $/tonne to 169,94 $/tone for hard wheat HRW,
- in Minneapolis by 0.83 $/tonne to 193,91 $/tones hard wheat HRS.
the Paris stock exchange after the collapse of quotations at the end of last week in Chicago also responded to a speculative rise in prices.
Analysts say that against the backdrop of the bearish fundamental factors, this growth will be unstable. The prospects for future crop remain good, despite the sharp decline of air temperature in Western Europe last weekend.
quotations May milling wheat on the Paris MATIF rose to 1.75 euros/tonne to 152,25 Euro/tone or 171,57 $/ton.