Speculators warm up the price of wheat in Europe, but in the US it falls under the pressure
on Thursday at the end of trading stock prices of French wheat has increased, despite regular participation in the Egyptian tender and weak results of export week.
To the third country during the week sold was 413 thousand tonnes of soft wheat since the beginning of the season 2,227 million tons, which is 40% more than last year.
Stock analysts believe current growth is driven by speculative factors technical market reaction to previous strong fall.
In Paris, the MATIF milling wheat price for September transactions was up 2.00 euros/tonne to 165,75 Euro/tone or 183,79 $/ton.
the American markets again observed a simultaneous fall in wheat prices. On Thursday, they all came under the powerful influence of fundamental factor is the Grand national a volume of proposals, as across the United States and worldwide.
the Pace of export sales so far exceed last year's pace, but they are as high as I would like traders.
the Wheat market is falling very rapidly. Only yesterday the price of soft wheat SRW fell to 9 $/ton for the first time in the season fell below the price of hard wheat HRW.
the September wheat prices in the U.S. declined:
- the soft wheat SRW in Chicago by 1.65 $/ton to 150.74 $/ton
- the for hard wheat HRW in Kansas city by 1.29 $/tonne to 150,28 $/ton
- the on a hard spring wheat HRS in Minneapolis by 0.55 $/tonne to 178,85 $/ton.