The wheat exchange in Chicago continued to rise

2016-10-12 12:40:00
Machine translation
The wheat exchange in Chicago continued to rise

on Tuesday quotes of soft wheat on the Chicago grain exchange have continued growth.

 

First of all, its nature is still speculative. Investors closed short positions, trying to clear the recent fall to 10-year low.

 

a Few heated market news about dry weather in parts of the United States, where the Northern hard winter wheat. Traders are watching the situation in Ukraine, where possible nedoseev winter wheat, and Australia, where the excessive rains badly affect the quality of the new crop.

 

December futures for U.S. wheat on 11 October had the kind of momentum:

 

  • 1.29 $/tonne to 149,64 $/ton rose soft wheat SRW in Chicago
  • 0.28 $/tonne to 149,27 $/ton fell hard wheat HRW in Kansas city