The price of wheat in Chicago beginning the week with a fall
Trading on the wheat exchange in Chicago yesterday began with a speculative drop. According USDA, the number of winter wheat crops that are in good or excellent condition, is the lowest since 2002 and is 32%, while last year the figure was 51%. The weekly volume of exports remains very low and is 361,7 thousand tons, which is by 36.88% less than the same period last year.
the May futures for U.S. wheat had the following dynamics:
0.09 $/t to 171,77 $/ton rose solid winter HRW wheat in Kansas city
1,84 $/t to 210,72 $/t cheaper solid spring HRS wheat in Minneapolis.
- 1.75 $/t to 163,97 $/t cheaper winter SRW soft wheat in Chicago
Through a weak demand for wheat in Ukraine, traders are reluctant to raise prices, even if low offers. For the week, wheat exports declined by 32% to 175 thousand tons.
In the port for wheat offer:
protein 11.5% of 187-188 $/t or 5850-5900 UAH/t,
feed 183-185 $/t or 5700-5850 UAH/t
- protein 12,5% 188-190 $/t or 5900-5950 UAH/t,
Export of Russian wheat for the week fell by 11% to 614 thousand tons.