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.