The beginning of the week was marked by a fall in the price of wheat
against the background of falling prices in Chicago on Monday significantly cheaper futures of French wheat. European grain could further depreciate, however, the quotations provided support to reduce the monitoring Agency of the European Union to assess the yield of wheat and maize.
Traders have already clarified the situation with the harvest in 2016 in the Northern hemisphere and is now carefully watching the weather conditions during the winter planting season.
September quotes milling wheat on the Paris MATIF fell by 3.75 Euro/ton to 159.00 Euro/tone or 179,95 $/ton.
On the Chicago stock exchange trading on Monday ended with a substantial price drop. In the absence of fresh news players massively closed position after the speculative rise in the previous week.
the Fundamental factors are the excess world wheat supply and low export demand for U.S. wheat.
Quotes of winter wheat in the U.S. on September agreements fell:
- soft wheat SRW in Chicago by 4.32 $/tonne to 152,58 $/ton
- for hard wheat HRW in Kansas city by 1.84 $/tonne to 152,02 $/ton.
Rose 0.46 $/tonne to 195,47 $/t hard spring wheat HRS in Minneapolis.