Wheat markets remain waiting for new trends
Thursday in Chicago against the background of speculative sales continued to decline in wheat prices. While traders do not pay attention to the increase in weekly export sales to 492 thousand tons.
Continued precipitation in the regions to sow winter wheat to replenish the soil moisture reserves and reduce pressure on prices. According to estimates of the USDA, in major wheat growing areas to approximately 13-14% of the areas remain under drought.
December quotations of wheat in the U.S. declined:
- soft wheat SRW in Chicago by 0.46 $/t to 161,95 $/t,
- for hard wheat HRW in Kansas city by 0.64 $/t to 159,56 $/t
Hard spring wheat HRS in Minneapolis has grown by 2.02 $/t to 226,15 $/t
the Market for French wheat on Thursday closed higher after neutral result. Without giving reasons, the Commission postponed the publication of the data of the weekly report on import and export, and generally left traders without any further price targets.
- December futures milling wheat on MATIF remained at 166 €/t (194,3 $/t).
the Forecast of wheat harvest in the UK increased to 15.2 million tons After that, the November wheat futures in London fell by 0.4% to of 143.1 £.