The recovery of exports was supported by the European price of wheat
on Thursday quotes of soft wheat on the Paris stock exchange has grown. The market was supported by good like the end of the season, the pace of grain exports.
In the hope of further strengthening market part of sellers stopped selling. The reduction in the number of proposals also contributed to the growth of the market.
September milling wheat quotations on the MATIF in Paris rose 1.25 euros/tonne to € 161,50/tone or 183,80 $/ton.
In a wheat pad USA on Thursday continued to influence fundamental bearish factors. However, the results of the export week was pretty good, as for the current season could support prices.
July quotes U.S. wheat rose:
- in Chicago by 3.31 $/tonne to 171,96 $/tones of soft wheat SRW,
- in Kansas city by 2.76 $/tonne to 165,25 $/tone for hard wheat HRW,
- in Minneapolis 1.01 $/tonne to 194,74 $/tones hard wheat HRS.