Wheat is cheaper in the United States under strong pressure

2016-11-15 12:32:15
Machine translation
Wheat is cheaper in the United States under strong pressure

on Monday at the wheat site in the USA the third trading day in a row, the decline in prices.

the Market is under pressure from excess global supply.

 

Winter wheat planted 94% of the planned areas, just 1% lower than average five-year average. 84% of the area has already received the seedlings.

 

within a week of export inspected only 191,062 thousand tons of wheat, which is 63% less than the previous week and 42% worse than last year.

 

the strengthening of the U.S. dollar exchange rate also affected the course of trading.

 

the cost of the December futures for the American wheat was down:

  • 3.31 $/tonne to 144,77 $/tones of soft wheat SRW in Chicago
  • by 2.76 $/tonne to 147,98 $/tone for hard wheat HRW in Kansas city
  • by 2.94 $/tonne to 188,12 $/tone for hard spring wheat HRS in Minneapolis.

 

MATIF wheat quotations rose to 162.00 EUR/ton or 174,49 $/ton.