The speculative drop in the price of wheat in the United States is putting pressure on European exchanges
the wheat Futures in Chicago that depreciate the 4th day in a row on Monday has accelerated the pace of decline. Investors actively conduct speculative sale.
Within weeks, the rate of export of wheat from the US fell 26% to 428,5 thousand tons, which is 37,4% less than the corresponding period last year.
More on prices pressured the prediction of heavy precipitation in the regions of cultivation of wheat in the week.
March U.S. wheat futures fell:
0.55 $/t to 169,66 $/t for solid winter HRW wheat in Kansas city
0.74 $/t to 221,10 $/t on a firm spring HRS wheat in Minneapolis.
- to 2.39 $/t to 161,76 $/t for SRW soft winter-wheat in Chicago
for a Long period of falling prices in Chicago have influenced the Paris stock exchange. Monday quotes French wheat has declined slightly, but prices were supported by news of the purchase by Saudi Arabia at the tender European (in particular) of wheat.
Saudi SAGO acquired 739 thousand MT of wheat of European, Australian and American production, with delivery in April – June 2018 at an average price 240,16 $/t
- March delivery milling wheat on MATIF fell by 0.5 €/t to 156,75 €/t (194,61 $/t).
the Increase in the purchase price of the Egyptian tender and lower requirements for protein content in the black sea grain from 12% to 11.5% contributes to higher prices for domestic 3 class wheat with protein 11.5%, and price in a few days at the port increased from 170-171 $/t 174-175 up to $/t