The wheat market in the United States, collapsed Thursday, the European presses on quotations
on Thursday, the wheat quotations on American stock exchanges dropped significantly.
fears of experts concerning the reduction of winter wheat yield through adverse weather conditions has not yet been confirmed. After a three-day inspection tour of the Kansas experts have estimated the future yield of 46.1 bushels/ha, while the average five-year rate is 41.6 bushels/ha.
an Additional factor of pressure on prices was the decline in the neighboring commodity markets, particularly gold and crude oil.
the June wheat futures in the U.S. fell:
- in Chicago by 5.97 $/tonne to 160,84 $/tones on soft winter SRW wheat,
- in Kansas city by 6.89 $/tonne to 163,32 $/tone on a solid winter HRW-wheat,
- in Minneapolis, for 5,05 $/tonne to 201,17 $/tone on a solid spring HRS wheat.
Quotes are French wheat also continue to become cheaper. The main factor of stock market losses on Thursday began not confirmed fears of a deterioration of yields in the US and Europe through adverse weather conditions.
Temporary drought and the decrease in air temperature in France not hurt the wheat crops, and now in production areas passed the long-awaited precipitation.
the Export of wheat by countries of the EU in the current season reached 20.7 million tons. The gap from last season has increased from 18% to 19%.
- September futures milling wheat on MATIF fell by 1.75 euros/t to 168,50 Euro/ton or 184,94 $/t