Improving the condition of winter crops in the United States continues to lower the price of wheat

2021-03-23 12:01:59
Machine translation
Improving the condition of winter crops in the United States continues to lower the price of wheat

the Fall of stock prices of wheat, which began on Monday, today will accelerate a report on the condition of crops in the United States, published yesterday in after-hours trading.

 

According to the USDA, as of 21 March of the winter wheat crop in good or excellent condition increased for the week in Kansas by 7% to 45% in Texas by 2% to 29%, Oklahoma 5% to 62%, co 8% to 33%

 

In Kansas soils experience only 17% of fields, whereas a week ago, the figure was 24%, and two weeks ago at 47%. In Texas already sown with corn, 38% of the planned areas, compared with 26 percent a week ago and 34% on average for 5 years.

 

the May futures for soft wheat in Chicago thanks to speculators ended Monday in the black, while other exchanges continued to fall under the pressure of the prospects of a good harvest of wheat in the Northern hemisphere.

 

Precipitation, which continues in the agricultural regions of the American Plains, continue to improve the condition of winter wheat.

 

the May futures fell:

  • by 2.66 $/t to 212,47 $/t for solid winter HRW wheat in Kansas city,
  • 0.37 $/t to 230,01 $/t on a firm spring HRS wheat in Minneapolis.

Rose 0.09 $/t to 230,47 $/t for SRW soft winter-wheat in Chicago.

 

the Wheat in Paris, unlike Chicago, the 10th consecutive session depreciates under the pressure of the predictions, a good harvest of wheat in the major producing countries of the Northern hemisphere.

 

  • the May futures for milling wheat on MATIF fell by €1/t to 5-week low 218,75 €/t or 260,98 $/t

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