Wheat USA stock exchanges started the week with a noticeable drop
New trading week in the wheat markets of the United States began with a substantial fall. Investors are bearish, expecting the publication of Friday's quarterly USDA report on grain stocks.
Additional pressure on quotes carried out adjacent markets for soybeans and corn. Their fall was caused by the forecasts of meteorologists on dry weather, which will be established over the next at least 10 days and will accelerate the harvest, which has slowed down due to rains. Experts expect the high yield of these crops.
December U.S. wheat futures fell.
- 3.40 $/ton to 181,69 $/tone for hard spring wheat HRS in Minneapolis.
- 3.22 $/ton to of 145.50 $/tones of soft wheat SRW in Chicago
- 2.76 $/ton to 152,12 $/tone for hard wheat HRW in Kansas city.
Another prediction of the decrease in gross harvest in the EU is not supported prices. French wheat on MATIF fell by € 1/t to 160 € /tone or 178,87 $/ton.