The weather unfolded with wheat in Chicago up to the top
After four days of falling wheat prices on the Chicago stock exchange finally turned up.
the Reason for this were the weather conditions. Too strong than wished for farmers, rainfall may damage the crop hard winter wheat, which is now in the final stage of maturation.
the market Growth of corn resulted from significant improvement in export demand is also explicitly supported the wheat exchange.
July quotes of the American wheat for may 24, had the following evolution:
- in Chicago 0.74 $/tonne to 170,49 $/ton rose soft wheat SRW,
- in Kansas city of $0.18/ton to 164,06 $/tonne fell hard wheat HRW,
- in Minneapolis 0.64 $/ton to 191,80 $/tonne fell hard wheat HRS.
on Tuesday, European stock quotes wheat rose slightly following the rise in Chicago. However, this progress was limited to good predictions about the future of the wheat harvest in the EU.
the Weak activity of the sellers against the revival of export demand and the depreciation of the Euro against the U.S. dollar continue to support the market. The dollar value of the quotes even slightly decreased.
September quotes milling wheat on the Paris MATIF rose by 0.50 Euro/tonne to 163,50 Euro/tone or 182,18 $/ton.