Speculative growth of wheat stopped
wheat area in Chicago has finally changed. It happened Wednesday, after the night exploded growth, speculators have decided to reduce the price.
this event had affected the news of long-awaited precipitation in the drylands of growth of spring wheat.
Experts say that a small volume of export sales of new crop wheat early in the season (for Sunday 350-550 thousand tons) occurred via the exchange growth of quotations of wheat futures.
Quotes of U.S. wheat for July as of 14 June:
- soft wheat SRW in Chicago by $0, 74 to 162,77 $/ton
- hard wheat HRW in Kansas city increased by $0.18 to 168,10 $/ton
- hard spring wheat HRS in Minneapolis has decreased to $0, 18 to 230,56 $/ton.
on Wednesday, the Euro reached a seven-month high against the U.S. dollar, and this event destroyed all previous factors of stock market growth in Europe, including the fierce drought on summer crops fields of America.
According to experts, the new wheat crop is in good condition, despite the temperature of the air which is constantly growing.
But, on the Paris stock exchange MATIF milling wheat quotations for the month of September remained at the level of 169,75 €/ton (191,45 $/tonne).