Wheat in the US is cheaper in anticipation of the USDA report

2016-07-12 13:39:44
Machine translation
Wheat in the US is cheaper in anticipation of the USDA report

the Friday growth of quotations of American wheat on Monday was unable to continue its movement.

investor Sentiment is pessimistic. In large grain stocks and good progress of the harvest was added watchful waiting the July USDA report, which should be revised the global balance of grain.

 

According to the July agreements, the price of wheat in the US fell:

  • the soft wheat SRW in Chicago by 1.65/tone to 152,94 $/ton
  • the for hard wheat HRW in Kansas city by 1.65 $/tonne to 147,34 $/ton
  • the on a hard spring wheat HRS in Minneapolis by 3.67 $/ton to 179,21 $/ton.

 

In Europe, the wheat quotations rose by $2/ton to 178.4 $/ton.