Wheat in the EU continues to fall, and in the US – on the contrary
In contrast to exchanges in Chicago, the September futures of French wheat more expensive 7th day in a row.
Experts believe that the long-awaited precipitation and cool can improve the condition of sowings of soft wheat in the Northern regions of France, although it will suspend the beginning of active harvesting in the South.
the Main factor of pressure on prices is the Euro, which continues to grow.
- September milling wheat quotations on the MATIF fell by 1.00 EUR/t to 169,75 Euro/ton or of 193.00 $/t
the Driving force behind the warming of wheat exchanges in the United States on Wednesday it was spring wheat. Despite the recent precipitation and dropping temperatures, traders fear a further deterioration regarding the condition of crops, because next week meteorologists predict the heat again without precipitation.
in addition, Friday's USDA report may reduce the rating of sowing of spring wheat.
July futures for U.S. wheat rose
- 1.47 $/t to 168,01 $/t for SRW soft winter-wheat in Chicago
- 1.56 $/t to 169,57 $/t for solid winter HRW wheat in Kansas city.
- by 8.54 $/t to 258,95 $/t on a firm spring HRS wheat in Minneapolis.
Ukraine and Russia cleaning company in southern regions in comparison with last year has started at 7-14 days later. First results indicate that the yield of the previous year's level and good quality of grain.