Wheat in Chicago is going up rapidly
on Monday, wheat quotes in Chicago had a powerful momentum due to the speculative factor. The rise in the price of soft wheat exceeded 3 % and was the biggest daily increase since October 2015.
Investors had closed the largest since 2006 the number of short positions 152 453 wheat agreement.
a Fundamental reason for the sharp price changes not. Weather conditions in the wheat belt of the U.S. plains remain favourable to improving future harvest of winter crops.
May quotes of the American wheat grew:
- in Chicago by 4.78 $/tonne to 173,70 $/tones of soft wheat SRW,
- in Kansas city by 2.57 $/tonne to 170,76 $/tone for hard wheat HRW,
- in Minneapolis 1.56 $/tonne to 193,91 $/tones hard wheat HRS.