Wheat in Chicago falls under pressure from neighboring markets
on Thursday, the U.S. wheat market resumed its decline. Mainly under pressure from the neighboring corn market. There is a drop in prices resulted in very poor results export week that failed to reach the lower boundary of the expectations of experts.
the Export achievement of US wheat although was within the calculations of experts, however, were significantly lower than a week ago, and the average for the month.
December wheat prices declined:
- 1.29 $/tonne to 146,79 $/tones of soft wheat SRW in Chicago
the Share of feed grain in the total yield of wheat will be 41%, although a month ago it was expected that such grain will be no more than 34%. Last year only 29% of the crop was unsuitable for the production of flour.