Wheat in the US is cheaper under the pressure of the harvesting campaign
Wheat quotations on the Chicago stock exchange falling fifth trading day in a row. The reasons for this decline remain unchanged. At good pace of harvesting is fixed with a sufficiently high yield. Among the longer-term impacts analysts say record-high world ending stocks of wheat.
To some extent, yesterday's drop in prices limited the increase in demand for wheat from the livestock shortage of maize next harvest.
Prices for U.S. wheat under the agreements of July fell:
- in Chicago by 2.76 $/tonne to 175,45 $/tonne wheat SRW,
- in Kansas city 0,64 $/tonne to 167,82 $/tone for hard wheat HRW,
- in Minneapolis 0.83 $/tonne to 194,92 $/tone for hard spring wheat HRS.