Speculators helped winter wheat to play the previous fall
Tuesday on the American grain markets winter wheat was able to partially win back the earlier fall, and spring the third consecutive day continued to become cheaper.
Support the price of winter wheat speculators covering short positions on the last day of the month, and the weakening of the dollar.
March quotes of winter wheat grew:
- in Chicago by 2.48 $/tonne to 154,60 $/tones of soft wheat SRW,
- in Kansas city by 1.38 $/tonne to 157,81 $/tone for hard wheat HRW.
However, 1.01 $/tonne to 201,54 $/ton fell hard spring wheat HRS in Minneapolis.
due to the lack of the fundamental factors for the growth of prices, speculators cannot heat up the market.
Experts predict that the gross wheat harvest in season 2017/18 MG will be slightly less than the current yield because of the condition of winter crops in the Northern hemisphere is now quite good.
In the European market yesterday, the prices of agricultural products fell after the Chicago exchange, where the funds took profits. March wheat futures fell to is 165.5 EUR/t or 178,49 $/t
In Ukraine on the basis of CPT-port for wheat offer:
- class 2 $160-166 or 5100-5250 UAH/t,
- class 3 $or 159-164 5000-5200 UAH/t,
- forage $152-155 or 4800-4900 UAH/t
