World wheat prices continue to fall

2016-11-30 12:20:34
Machine translation
World wheat prices continue to fall

In Chicago the fifth trading day in a row there was a drop in prices of soft wheat.

 

Over the wheat markets dominates the factor of a huge number of offers of wheat.

monitoring of the condition of winter crops in the U.S. found no significant changes.

 

Egyptian tender where the unconditional victory was won by the Russian wheat once again stressed the low competitiveness of American and European grain, which even did not participate in the tender.

 

the December U.S. wheat futures fell.

  • 2.02 $/tonne to 141,09 $/tones of soft wheat SRW in Chicago
  • by 4.68 $/tonne to 146,51 $/tone for hard wheat HRW in Kansas city
  • by 2.57 $/ton to 196,30 $/tone for hard spring wheat HRS in Minneapolis.

 

Weather conditions in the Northern hemisphere do not make any adverse effect on the culture of the crop, 2017 in addition, in Australia and Argentina increased wheat yield.

 

On Euronext wheat quotations fell by € 1.25/tonne to 161.00 EUR/tone.

 

In Ukraine the price of wheat on the basis of CPT-port are:

  • 2 grade - 160-162 $/ton or 4550-4850 UAH/ton,
  • 3 grade - 156-160 $/ton or 4550-4850 UAH/ton,
  • feed - 147-153 $/ton or 4350-4600 UAH/ton.