The price of wheat fell after the USDA report
on Friday, the wheat exchange, the United States continued to fall, caused by the may report USDA. For the week of July wheat futures in Kansas declined by 6.76%, Chicago – 5,235, Minneapolis – 2,89%.
Funds transfer the majority of transactions in long positions, indicating the expected price increase.
by statistics Canada in Friday's report reduced residues of wheat in comparison with the previous year by 3.9% to 16,392 million tonnes, primarily due to the reduction of solid residues of durum wheat by 16%.
July futures for U.S. wheat decreased
3.31 $/t to 190,33 $/t for solid winter HRW wheat in Kansas city
1.47 $/t to 222,30 $/t on a firm spring HRS wheat in Minneapolis.
- 2.85 $/t to 183,26 $/t for SRW soft winter-wheat in Chicago
the European wheat Market reacted to the report data USDA the decrease in the September futures milling wheat on MATIF at 0,75 €/t to 171,75 €/t (205,22 $/t).
Traders hope that the reduction of wheat production in Russia and world ending stocks in 2018/19 Mr will allow to increase exports of European grain.