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.