Wheat exchanges finished the week falling of quotations
In the last days of last week the price of wheat in the United States and Europe continued to fall.
the Exchange has not yet reacted to the decline by the experts of the IGC forecast world wheat production in 2018/19 MG per 5 million tonnes to 716,4 million tons (compared to 758 million tonnes in 2017/18 MG).
in addition, the markets under pressure from the strengthening of the Euro to the level of 1,161 $/€ and the fall of the exchanges in the United States.
- September futures on milling wheat in Paris fell by 3.75 €/t to 200,75 €/t or 233,23 $/t
During the week of the fall quotes September wheat in Chicago has lost 17 $a/t and updated at least monthly.
Weekly wheat exports from the United States amounted to 460,3 thousand tons, which corresponds to the expert's expectations and slightly lower than the level of the previous week, but of 15.67% behind the previous year figure. Total exports of wheat 25.9% inferior to the level of last year.
September futures us wheat fell:
by 2.94 $/t to 190,79 $/t for solid winter HRW wheat in Kansas city
3.31 $/t to 210,45, $/ton solid spring HRS wheat in Minneapolis.
- by 2.66 $/t to 189,14 $/t for SRW soft winter-wheat in Chicago