Wheat in Chicago continues to depreciate
futures soft wheat in Chicago are falling for a fourth straight day, and Friday was no exception.
the reasons for the decline remain the same – large volumes of offers of wheat in the United States and in the world, combined with the relatively small demand for American wheat. Found in Washington wheat with GMOs may negatively affect the dynamics of U.S. exports. South Korea has said it will tighten inspection of American grain. In the United States growing GMO wheat in any commercial purpose.
for the First time in the season, the price of soft wheat SRW on the exchanges fell below the price of hard wheat HRW. The day before a similar decrease in prices was observed in the market of cash wheat.
As of July 29, quotes of the American wheat for transactions in September had the following dynamics:
- fell 0.92 $/tonne to 149,82 $/ton soft wheat SRW in Chicago
- rose 0.28 $/tonne to 150,55 $/tonne hard wheat HRW in Kansas city
- risen in price for 0,55 $/tonne to 179,40 $/t hard spring wheat HRS in Minneapolis.