Despite the reduced production forecast for the EU wheat prices declined
Trading on the Paris stock exchange on Tuesday ended in the red due to low activity of traders. Individual farmers have already sold most of their wheat.
Reduction in Agency Coceral compared with the October report forecast of production of soft wheat in the EU 1.3 million tonnes to of 128.6 million tonnes have been unable to support prices, which are pushing low export growth and poor demand, even amid a decline proposals of black sea grain.
- March milling wheat quotations on the MATIF in Paris has fallen on 0,25 €/t up to 203 €/t or 230,06 $/t
Tuesday was the third day of growth in wheat prices in Chicago. Investors covered short positions. Quotes supported neighboring markets of soybeans and corn that grow on the background of the promises China to step up the purchase of American products in response to a delay in the introduction of new import duties by the US.
March wheat futures on us exchanges fell:
1.01 $/t to 213,02 $/t on a firm spring HRS wheat in Minneapolis.
- 0.46 $/t to 185,64 $/t for solid winter HRW wheat in Kansas city
However, increased by 0,46 $/t to 191,98 $/ton SRW soft winter-wheat in Chicago.