The wheat market in the U.S. remains under the influence of speculators
Fundamental news in wheat markets do not exist, so speculators warm up the prices on news from neighbouring sites. Soy is expensive because of the precipitation in Argentina, which suspended the new harvest.
Hard winter wheat in Kansas continues to rise on the news about the deteriorating condition of the winter crops.
the May futures for U.S. wheat rose
- 1.01 $/tonne to 157,90 $/tones for winter SRW soft wheat in Chicago
- 1.19 $/ton to 156,16 $/ton for solid winter HRW wheat in Kansas city.
In Minneapolis fell by 1.01 $/tonne to 192,72 $/t hard spring wheat HRS.
the Agency Informa Economics predicts that next season's winter wheat crop in the United States will be reduced to 1,285 billion bushels.
estimates of the USDA, this season, the USA collected 1,672 billion bushels of winter wheat. The sowing areas of winter wheat for harvest in 2017 has been reduced compared to the previous year by 9% to 32,747 million acres.
milling wheat Quotations on the MATIF on Wednesday remained at the level of 164 EUR/ton or 174,81 $/ton. Traders await the outcome of the procurement tender in Algeria. To win it is very important for France since it will be the measure of recovery of the exporting country on the eve of the new season.