The price of wheat collapsed under the pressure of the harvesting campaign
on Tuesday, the futures of soft wheat in Chicago fell to the lowest since mid-may level. A successful campaign to collect winter wheat provides a powerful downward pressure on prices. The pace of harvest so exceed last year's figures, surpassing the most optimistic expectations of experts.
spring wheat Crops are now in better condition than it was last year.
the July wheat prices in the United States collapsed:
- 5.33 $/tonne to 168,47 $/ton in Chicago soft wheat SRW,
- 5.97 $/tonne to 159,83 $/ton in Kansas city for hard wheat HRW,
- 3.31 $/ton to 192.81 $/tonne in Minneapolis on hard spring wheat HRS.
a day After growth in the beginning of the week already on Tuesday the market of the European wheat continued its decline. Exchange EU are under pressure of the downward trend of wheat in Chicago.
For Europe remains an issue of quality of the crop French wheat. Before summing up the results of the harvest campaign, trading volumes in milling wheat new crop minimal. Prices for feed wheat in Rouen is already 11.5 Euro/ton lower than at milling.
the Price of milling wheat in Paris at the MATIF for the September agreements fell by 1.75 euros/tonne to € 162,50/tone or 182,98 $/ton.