Wheat in Chicago is expensive due to the active export
Monday was a good day for the market U.S. wheat. After procurement tenders, which were held on different continents of the world, renewed growth of quotations that stopped speculative investors.
To tender in Iraq won by the party of wheat, 50 thousand tons of American origin at the price of 299 $/t C&F. participation in the auction also took the Australian wheat at a price 301,27 $/t C&F and the canadian price 304,96 $/t C&F.
in addition, the government of Morocco announced a tender for purchase of U.S. wheat in the framework of tariff agreements.
the news improved the mood of investors, and wheat prices go up on all exchanges.
December futures U.S. wheat has risen in price:
hard wheat HRW in Kansas city for 3,95 $/t to 159,28 $/t,
hard spring wheat HRS in Minneapolis by 1.38 $/t to 225,97 $/t
- soft wheat SRW in Chicago for 3,95 $/t to 160,48 $/t,