Speculation heated wheat market in the United States
for the Third day in a row, there is a rapid growth of quotations of wheat on grain exchanges in the United States. According to the experts, no fundamental reason exists and such dynamics is purely speculative.
On the background of the unreasonable growth of stock quotes experts do not exclude zero weekly export sales of wheat harvest last year. The upper limit of the export expectations of 300 thousand tons.
May quotes of the American wheat grew:
- in Chicago at 6,61 $/tonne to 185,28 $/tones of soft wheat SRW,
- in Kansas city 6,06 $/tonne to 181,24 $/tone for hard wheat HRW,
- in Minneapolis on 4,68 $/tonne to 202,18 $/tones hard wheat HRS.