A referendum on withdrawal of Britain from the EU influenced the grain exchange
on Wednesday, the market for French wheat continued its decline. The main factor was the strengthening of the Euro, which strengthened on the eve of the referendum on withdrawal of Britain from the European Union.
Traders upset victory in an Algerian tender wheat Baltic origin, which highlighted the lack of competitiveness of French grain at the current price level.
Prices for milling wheat on MATIF, the French at the September agreements decreased by EUR 1.00/tonne to € 161,50/tone or 182,34 $/ton.
the Pressure of the harvest on the market U.S. wheat is saved, but on Wednesday the drop in prices has slowed somewhat.
Supported rates investors ' concerns about the quality of new crop wheat production of France, Ukraine and Russia. An additional positive factor was the weakening of the dollar.
For 22 June the price of wheat on the July agreements had the following dynamics:
- the soft wheat SRW in Chicago were up by 0.09 us $/ton to 168,56 $/ton
- the hard wheat HRW in Kansas city fell by 0.74 $/tonne to 159,10 $/ton
- the hard spring wheat HRS in Minneapolis has grown by 0.18 $/tonne to 192,99 $/ton.