Wheat prices are falling on all trading floors
on Monday, the U.S. wheat market has once again started to weaken. Investors felt that three days of growth last week is enough to start to fix profit. Given the weather problems in a number of countries - producers of wheat and a slowdown in global wheat production, traders are awaiting the harvest and the balance of wheat for the new season.
the September wheat prices in the US fell:
- soft wheat SRW in Chicago by 2.39 $/t to 174,35 $/t,
- for hard wheat HRW in Kansas city at 2.30 $/t to 174,44 $/t,
- on a hard spring wheat HRS in Minneapolis at 3.40 $/t to 268,68 $/t
the French wheat Market came under pressure once strengthen the Euro, which rose to 1,1827 $/€, the highest since January 2015 level.
An additional negative factor was the continuing fall in the price of soft wheat in Chicago.
- September futures milling wheat on MATIF fell by 2,00 €/t to 168,25 €/t (198,79 $/t).
the Purchase price for wheat in Ukraine reduced stabiliziruemost under pressure from the new harvest and the strengthening of the hryvnia to 25.8 UAH/$.
Maximum price offered by the traders for the quick delivery of grain to port, are dropped, and the market starts work without a panic jumps.
Today in Ukraine for wheat delivered to the port offer: