Speculators crashed the stock price of the wheat

2018-06-14 12:08:40
Machine translation
Speculators crashed the stock price of the wheat

on Wednesday, the world prices for wheat have fallen to the level of the beginning of the week, with increased forecast of carryover stocks and low demand in the physical market.


European traders ignored the pessimistic forecast by the USDA in Russia and drew attention to the export prospects for the new season of European wheat.


As a result, futures milling wheat on MATIF fell 3.25 €/t to 180,25 €/t (212,57 $/t).


the Market for U.S. wheat was under the influence of speculators. Did not have time on Tuesday after the publication of the USDA forecast about the reduction of production in Russia quotes soft wheat in Chicago to grow by 3.8% on Wednesday, investors started to fix profits and prices fell by 3.4%.


in addition, in the regions of cultivation of spring wheat were favorable precipitation.


the July wheat futures in the U.S. fell:

by 5.33 $/t to 198,05 $/t for solid winter HRW wheat in Kansas city

by 2.94 $/t to 214,76 $/t on a firm spring HRS wheat in Minneapolis.

  • by 6.61 $/t to 189,78 $/t for SRW soft winter-wheat in Chicago


Speculative fluctuations in the price of wheat in the current season will continue for a long time, as sowing of spring wheat was held in adverse weather conditions.


In Russia, spring wheat sown 92.7% of squares, or 12 million hectares (13 million hectares in 2017) mainly after the end of optimal sowing dates because of the cold weather.


In the US according to the forecast of Informa Economics acreage under wheat can be reduced to 12,177 million acres projected in the March against 12,627 million acres.

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