Wheat US exchanges are growing in spite of the fundamental factors
Wheat exchange US grow in spite of the fundamental factors
on Friday despite fundamental bearish factors regarding future season's crops, the U.S. wheat market continued to rise. Market players saw a potential threat to grain quality because of likely wet weather, which can be installed over the southern wheat belt regions of the United States.
Investors have closed most of short positions.
Wheat quotations on the July contracts rose:
- in Chicago by 2.48 $/tonne to 174,44 $/tones of soft wheat SRW,
- in Kansas city at 2.30 $/tonne to 167,55 $/tone for hard wheat HRW,
- in Minneapolis by 2.02 $/tonne to 196,76 $/tones hard wheat HRS.
Stock quotes soft French wheat on Friday also increased.
in addition to noticeable enhance the export trades was supported by the weakening of the Euro.
the price of September contracts for milling wheat on Friday, may 13 MATIF in Paris has increased by 2.75 EUR/tonne to € 164,25/tone or 185,51 $/ton.