Continuing speculative growth of wheat on the US exchanges
on Wednesday, U.S. wheat has lost the support of the markets of corn and soybeans, which after a tumultuous three-day growth, the players started to lock in profits. However, despite this, wheat quotes continued to move up. Mainly due to investors closing short positions.
a Fundamental factor for the growth of the traders received from India. This country increased the volume of wheat imports that will help solve the problem of excess global supply of grain.
Supported the market and Egypt, which overturned the decision on the zero content of ergot in wheat.
the December quotations of wheat in the U.S.
- 0.64 $/ton to 149,82 $/tones of soft wheat SRW in Chicago
- by 1.38 $/tonne to 155,15 $/tone for hard wheat HRW in Kansas city.
- 1.29 $/tonne to 181,79 $/tone for hard spring wheat HRS in Minneapolis.