The price of wheat in Chicago to accelerate the fall of the
on Thursday at the wheat exchange in Chicago accelerated the fall in prices, which began the day before. Investors rely on the condition of crops and the level of export sales of U.S. wheat.
Precipitation replenished the soil moisture reserves in the major areas of the American Plains.
the Amount of weekly export sales came close to the lower level of expert expectations, which confirms the demand for winter wheat.
December futures U.S. wheat fell:
1.93 $/t to 157,35 $/t for hard wheat HRW in Kansas city,
0.37 $/t to 227,99 $/t for hard spring wheat HRS in Minneapolis.
- 1.38 $/t to 158,64 $/ton, soft wheat SRW in Chicago
unlike the Chicago market, quotations of French wheat have continued to grow. First of all, due to a sharp depreciation of the Euro by 1%. Supported rates declared by Saudi Arabia tender.
- December futures milling wheat on MATIF rose by 0.75 €/t to 162,5 €/t (189,98 $/t).
In Australia, domestic prices began to decline to the world average level pressure record volume of proposals. This week the price of Australian wheat has dropped from a recent 250-260 $/t to 232 $/t. Traders have signed the first export contract for wheat of the new harvest. Vietnam will acquire a 30 thousand MT of Australian premium wheat (APW) price 252 $/t C&F.