Wheat in the United States reacted to the USDA report
on Wednesday, the U.S. wheat market has finally "spotted" in the may USDA report bearish trend in the forecast of ending stocks of wheat in the world and in USA in particular. In addition, support has disappeared from the markets of corn and soybeans that are experiencing the closing of positions by investors and the profit-taking.
the sale also influenced the approach of timing the harvest. It is predicted that the winter wheat crop will be good enough.
Expectations weekly export sales of wheat harvest 2015 are in the range of 50-175 thousand tons against 178,88 thousand tons last week, and for the wheat harvest, 2016 - in the range of 200-350 thousand tons against 139,98 thousand tons the previous week.
July quotes of American wheat declined:
- in Chicago by 0.83 $/ton to 168.65 $/tones of soft wheat SRW,
- in Kansas city on 2,20 $/tonne to 162,50 $/tone for hard wheat HRW,
- in Minneapolis to 2.39 $/ton to 193,73 $/tones hard wheat HRS.