Wheat exchange, the United States suspended drop

2016-07-01 14:25:53
Machine translation
Wheat exchange, the United States suspended drop

on Thursday, the market for U.S. wheat for the first time in six trading days rose slightly.

throughout the era of the wheat sites were under pressure from the new harvest. An additional impact on prices made the next USDA report in which the valuation of sowing wheat in the United States exceeded the preliminary forecasts of the most optimistic expectations of experts.

Before the end of trading activity of investors of the outcome of export week allowed to close the quotes slightly. Weekly export sales of U.S. wheat on June 23 amounted to 645,34 thousand tons, which exceeded the expectations of experts who evaluated them on the level 300-600 thousand tons.

the July wheat prices in the U.S. rose

  • the 0.64/tone to 158,45 $/ton in Chicago soft wheat SRW,
  • the 1.56 $/tonne to 148,53 $/ton in Kansas city for hard wheat HRW,

 

the price Increase on the Chicago exchange did not affect stock quotes in Europe, because they closed before the end of trading in the US. European quotes of the day felt the pressure of falling wheat prices in Chicago. Besides, on the stock exchange in the EU affect the information about the deterioration in the quality of French wheat.

In Paris at the MATIF milling wheat price for transactions in September fell by 1.00 EUR/tonne to 155,75 Euro/tone or 172,42 $/ton.