The speculative rise in price of wheat in USA was replaced by the fall
After two days of speculative growth on Thursday has fallen off the quotations of wheat futures in Chicago and even the good results of weekly exports were unable to support prices.
did Not pay attention traders and possible reduction of acreage under wheat in the United States, however, have focused on the estimation of wheat stocks on March 1, the USDA can raise.
the May futures for U.S. wheat fell:
- by 1.65 $/tonne to 154,69 $/tones for winter SRW soft wheat in Chicago
- at 2.30 $/tonne to 153,31 $/ton for solid winter HRW wheat in Kansas city.
In Minneapolis has risen in price for 0,09 $/tonne to 199,70 $/t hard spring wheat HRS.
Milling wheat in Paris cheaper under the pressure of several factors. Again continued to fall market in Chicago. International grains Council in the March report predicts abundant supplies of wheat in the next season. Good weather conditions in the Northern hemisphere give hope for a large harvest of grain. It is expected that the USDA will increase the quarterly wheat stocks in the United States that will be yet another confirmation of excess volume of world suggestions.
on the MATIF IN Paris may milling wheat futures declined by € 2.50/t to 163,75 Euro/ton or 175,59 $/ton.