Wheat in the United States is falling, and in the black sea region – growing
on Wednesday, Chicago ended with a substantial drop in wheat prices. The price of wheat and other commodities have reacted to the results of the presidential elections in the United States. Investors concerned about populist promises trump Economics.
the Unexpected victory of the Republicans shocked the market so much so that he ignored the concerns of experts about the onset of the dry period in the southern regions of the American Plains and the closure of a large number of positions.
November's forecast balance sheet for corn USDA was made public on completion of the auction. He met expert expectations in terms of increasing the ending stocks of wheat in the world and in the United States in particular, which may adversely affect the course of trading on Thursday.
Prices of December wheat futures in the U.S. fell:
- 3.12 $/tonne to 149,45 UAH.; $/tones of soft wheat SRW in Chicago
- by 2.66 $/ton to 150.74 $/tone for hard wheat HRW in Kansas city
However, 0,18 $/tonne to 189,04 $/ton increased the price of hard spring wheat HRS in Minneapolis.
On the Russian export market of milling wheat formed the trend to higher prices on the basis of CPT-port. It is due to the results of the latest Egyptian tender, and an increase in purchase activity in the background of an insufficient number of proposals for such wheat.
Recall that at the tender 08.11.16 Agency GASC purchased 240 thousand tons of soft wheat bonusescasino price 197-200 $/ton C&F for delivery 10-20 December 2016. The party consists of 180 thousand tons of Russian and 60 thousand tons of Romanian grain.