Wheat exchange USA has again accelerated the growth of
on Wednesday, the U.S. wheat market has again accelerated its growth. Support he rendered the neighboring markets yellow corn and soybeans, where prices have gone up a race on forecasts of hot and dry weather in the region the cultivation of these crops. Experts fear that spring crops can be harmed. Futures soybean daily show the greatest growth over the past two years.
wheat areas in anticipation of rising demand for US grains through a difficult situation with the French harvest was dominated by speculative transactions.
Additional support was carried out the us currency, the rate of which against a basket of world currencies started to drop.
the price of wheat on the July agreements rose:
- the in Chicago, 3.85 $/tonne to 190,88 $/tones of soft wheat SRW,
- the in Kansas city 2.85 $/tonne to 181,05 $/tone for hard wheat HRW,
- the in Minneapolis at 3.40 $/tonne to 204,11 $/tones hard wheat HRS.
the European market has ignored the possibility of reducing their competitiveness via rising prices and the strengthening Euro, which is observed in recent days.
At the Paris MATIF milling wheat quotations on the September agreements increased by € 2.50/tonne to € 171,75/tone or 195,86 $/ton.