The price of wheat in Chicago is growing ahead of USDA reports
On Tuesday, trading in the wheat area of the United States ended with a small growth of quotations. Players covered short positions in anticipation of the release of the next USDA report, which should give impetus to rising prices.
in addition, traders still hope that the American wheat, which fell significantly in August, will be able to enter the markets of North Africa, particularly in Algeria and Morocco.
the Weakening of the dollar also supported prices.
wheat Quotations on the September agreements rose:
- 1.56 $/tonne to 137,88 $/tones of soft wheat SRW in Chicago
- 0.28 $/tonne to 141,38 $/tone for hard wheat HRW in Kansas city
- 0.64 $/ton to 180,68 $/tone for hard spring wheat HRS in Minneapolis.
However, the European wheat continued its decline and reached the price 148,50 Euro/tone or 166,74 $/tonne, snezhnevskij day by 3.75 Euro/tone.