Speculative growth of prices for wheat continues
Prices for U.S. winter wheat growing for the third consecutive day.
the Main factor of growth remain speculative buy and drought in some major producing countries of wheat. Meteorologists promise next week the hot weather in the East of Ukraine and in Russia, which may worsen the prospects for future harvest in these regions.
July futures U.S. winter wheat was grown:
1.75 $/t to 200,07 $/t for solid winter HRW wheat in Kansas city.
- by 2.57 $/ton to 193,54 $/t for SRW soft winter-wheat in Chicago
this fell to 0.28 $/t to 219,54 $/t hard spring HRS wheat in Minneapolis.
In season 2017/18 EU countries only exported 18.9 million tonnes of soft wheat, which is 18% lower than in the corresponding period of the previous my. In addition, after powerful rainstorms that passed in France, the increased risk of plant diseases and the deterioration of the quality of wheat.
- Under pressure from the strengthening Euro wheat futures on the MATIF fell by 0.5 €/t to 182,5 €/t (215,42 $/t).
In Ukraine, prices for food wheat of the new crop continue to grow due to the lack of precipitation, especially in southern regions. Traders for July delivery at the port offer for wheat:
protein 11,5% 178-180 $/t,
feed 173-175 $/t
- protein 12,5% 185-186 $/t,