Wheat in Chicago: the fall continues
futures soft wheat in Chicago continued their decline. Tuesday was the seventh consecutive day of falling prices. During this period, the September agreement in Chicago has depreciated by 23.42 $/ton.
in addition to the usual fundamental factors that pressured the market (a good harvest in the country and in the world, the ban Egypt of the content of ergot) was added to the expected abolition of Russian export duties, which promise to introduce from 1 September.
On the U.S. stock exchanges quotes wheat for transactions in September fell:
- by 2.66 $/ton to 133.47 $/tones of soft wheat SRW in Chicago
- to 2.39 $/ton to 135,12 $/tone for hard wheat HRW in Kansas city.
However 0.92 $/tonne to 180,32 $/ton rose hard spring wheat HRS in Minneapolis.
MSG Germany have reduced the forecast of wheat harvest to 24.55 million tons, and confirmed the deterioration of quality indicators in comparison with last year.
Perhaps as a result of milling wheat on MATIF under the agreements of September rose by 1.75 euros/tonne to 155,75 Euro/tone or 173,60 $/ton.