The beginning of the week was marked by a speculative increase in the price of wheat
Wheat venues in the United States on Monday ended with multidirectional.
Kansas city and Minneapolis a little sunk under the pressure of the predictions of experts regarding the high pace of sowing winter wheat – 15% against 6% last week.
Chicago rose slightly on speculative transactions and the support of neighboring markets of corn and soybeans, which while is slower than last year, which immediately responded to the exchange.
December futures for U.S. wheat on 19 September had the kind of momentum:
- 0.28 $/tonne to 148,44 $/ton increased soft wheat SRW in Chicago
- 0.28 $/tonne to 153,04 $/ton fell hard wheat HRW in Kansas city
- 0.09 $/tonne to 180,96 $/ton fell hard spring wheat HRS in Minneapolis.
In France, there is ongoing debate regarding the quality of wheat. On the one hand, low specific weight leads to a decrease in yield of flour, the second – highest since 2003 the protein level, and its figure is 12.6 per cent, is a positive factor.
against this background, the wheat price on the MATIF rose to 160,75 Euro/tone or 179,62 $/ton.