Wheat is more expensive in the US and the EU
In Friday trading on amerikanskih grain platforms resulted in the growth of wheat prices despite the existing fundamental factors. Speculators are trying to win back the previous fall.
the September wheat prices in the U.S. rose
- the soft wheat SRW in Chicago by 2.76/tone to 156,25 $/ton
- the for hard wheat HRW in Kansas city by 4.23 $/tonne to 153,95 $/ton
- the on a hard spring wheat HRS in Minneapolis by 3.31 $/tonne to 181,97 $/ton.
Experts once again ODA has reduced the crop forecast of French soft wheat. The main reason for poor harvest is excessive precipitation.
it is Possible that the gross yield will be less than 30 million tons and will be the lowest for the last forty years, although in the previous forecast it was expected at 22 million. Previously ODA had reduced the forecast from 35 to 32 million. Last season francuskie raised a record 41 million tons of wheat.
In Paris, the MATIF milling wheat price for transactions in September increased by 7,50 $/t up to 190 $/ton.