Poor prospects of the French harvest "blew up" European exchanges

2016-07-22 13:16:39
Machine translation
Poor prospects of the French harvest "blew up" European exchanges

on Thursday on the French wheat market there has been a rapid increase in the cost of the September futures.

 

the Next summarizing the results of the harvesting campaign showed that France could lose up to 25% of the grain compared to last year's record 41 million. Yield prospects continue to deteriorate.

 

In Paris, the MATIF milling wheat price for September transactions increased by € 6.50/tonne to 167.00 EUR/tone or 183,88 $/ton.

 

Wheat exchanges in the US also increased, easy to a much lesser extent. After a significant two-day drop there is a speculative activity. Supported rates relative improvement in weekly export sales.

 

the September wheat prices in the U.S. rose

  • the soft wheat SRW in Chicago for 1.75/tone to 153,49 $/ton
  • the for hard wheat HRW in Kansas city by 0.28 $/tonne to 149,73 $/ton
  • the on a hard spring wheat HRS in Minneapolis by 0.46 $/tonne to 178,66 $/ton.