Wheat in the EU is expensive, and in the United States began to fall
Dry weather in the black sea countries, the USA and Australia, as well as the depreciation of the Euro to the level 1,195$/€ support prices for European wheat.
- September futures of new crop wheat on EURONEXT rose in July by 0.25 €/t to 175,5 €/t (215,76 $/t).
wheat Exports from the EU from the beginning of the season was the 16.65 million tonnes, which is 22% lower than in the corresponding period 2016/17 MG 21.3 million tons.
In the wheat area of the United States on Friday was speculative adjustment after rapid growth in prices the day before. During the week the price of wheat in Chicago rose by 6.46%, and in Kansas by 4.59%, and in the first two weeks of wheat at these markets went up by 13.87% and 11%, respectively.
Promised for the next decade, slight precipitation will not be able to improve the condition of winter wheat crops in areas suffering from drought.
wheat Exports from the U.S. in March decreased by 14.4% to 2.12 million tons.
July futures for U.S. wheat fell:
4,41 $/t to 204,20 $/t for solid winter HRW wheat in Kansas city
by 2.57 $/ton to 228,91 $/t on a firm spring HRS wheat in Minneapolis.
- 4.32 $/t to 193,36 $/t for SRW soft winter-wheat in Chicago