The price of wheat of the new crop are under pressure to weather factors

Upon completion of trade may futures, traders are increasingly interested in wheat of the new harvest, so pay attention to the weather conditions in which it is formed.

Recent rains in Germany, France and some European countries have reduced the anxiety from the effects of a 6-week drought on the future crop in the EU.

the

• September futures for milling wheat on MATIF ignored the slight strengthening Chicago and under pressure from weather factors fell 1.25 €/t to 185,75 €/t or 201,52 $/t

Wheat exchange USA has closed with a slight growth against the background of data about the deterioration of winter wheat and the threat of frost in some parts of the American Plains.

According to the USDA, as of April 26, the number of crops of winter wheat in good or excellent condition decreased by 3% to 54%, whereas a year ago the figure was 64%. At the heading stage are 21% of winter wheat crops compared to 16% a year ago and 25% on average for 5 years.

Spring wheat planted 14% of the area (11% a year ago and 29% on average for 5 years), shoots were obtained on 4% (4% a year ago and 7% on average for 5 years).

the July wheat futures in the U.S.:

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1.56 $/t to 177,74 $/t for solid winter HRW wheat in Kansas city

1.93 $/t to 188,86 $/t on a firm spring HRS wheat in Minneapolis.

• 0.46 $/t to 193,27 $/t for SRW soft winter-wheat in Chicago

Precipitation that has already passed and more are expected this week, continue to lower the price for black sea wheat.

Following the decline in world prices, export prices for Russian wheat old crop with protein to 12.5% last week, according to SovEcon dropped by $1/MT 230 $/MT FOB Black sea ports, according to IKAR - $4/t to 228 $/t FOB. Quotes of new crop wheat fell by $4/ton to 198 $/t FOB.

quota on grain exports from Russia not allowing buyers to sign new export agreements.