Wheat exchanges of the USA were frozen in anticipation of the USDA report

2016-05-10 11:59:12
Machine translation
Wheat exchanges of the USA were frozen in anticipation of the USDA report

the Trading week for U.S. wheat began with the reduction of quotations. On Monday investor sentiment was due to anticipation of the may USDA forecast balance. Market participants suggest that the experts of the Ministry of agriculture of the United States to raise the forecast of ending stocks of wheat in the season 2015/16 to a historic high.

 

on Tuesday, the USDA will publish the first forecast balance sheet for the wheat harvest 2016/17 MG. There is a high probability that it increased the ending stocks for the current season will be even higher.

 

Next the may quotes of the American wheat have decreased:

 

  • in Chicago at 2.30 $/tonne to 164,24 $/tones of soft wheat SRW,
  • in Kansas city by 2.66 $/tonne to 159,37 $/tone for hard wheat HRW,
  • in Minneapolis 0.74 $/tonne to 194,37 $/tones hard wheat HRS.

 

 

on the Eve of the execution last may of transactions fell substantially quotes of soft wheat on the Paris stock exchange. In a certain way on the bidding influenced by expectations of the "bear" may balance the USDA.

 

May milling wheat quotations on the MATIF in Paris has decreased for 4,25 euros/tonne to € 146,75/tone or 167,35 $/ton.