Global wheat prices remain at a low level

2017-12-18 12:09:00
Machine translation
Global wheat prices remain at a low level

Friday quotes futures, March wheat in Chicago was unchanged. Traders expect further fall in wheat prices due to the reduction of demand in anticipation of new year holidays. However, the news about improving exports and forecasts for the reduction in acreage for harvest in 2018 bit supported prices.

 

the Agency Informa has lowered the forecast of acreage in the United States for winter wheat harvest in 2018 with 31,923 to 31,093 million acres.

 

In the southern regions of the country and in the States of Iowa, Indiana, Illinois, Kentucky and Minnesota reigns unusually dry weather. Weekly monitoring shows that drought is on the decline and during the week fell by 4.25 to 40.8%, but the situation remains tense and could lead to higher prices for wheat in the absence of precipitation in the next week.

 

the March futures us wheat December 15:

Kansas city hard wheat HRW has decreased on 0,28 $/t to 153,40 $/t,

in Minneapolis on hard spring wheat HRS rose at 1.10 $/t to 227,80 $/t

  • Chicago soft wheat SRW remained at the level of 153,68 $/t,

 

Wheat area in Paris after a two-day fall on Friday was able to demonstrate slight growth.

 

amid the sad prospects for export became more active demand for wheat from the European breeders.

 

  • the March futures milling wheat on the Paris MATIF rose by 0.5 €/t to 160,50 €/t (189,04 $/t).