Wheat prices stabilized before Christmas
wheat Futures Friday fell after the speculative rise during the week. In Chicago, growth was 1.55% and in Kansas of 1.14% over the week, while in Minneapolis is down 1.33%. The pace of exports of all wheat from the United States continue to grow, and currently they account for 72% of the USDA export forecast for the entire year in comparison with last year and an average rate of 76%.
on Friday as investors decided to take profits in anticipation of the Christmas holidays.
in addition, weather forecasters, although not refused the frost forecast for next week, but promise that they will not be very strong.
March quotes of the American wheat have decreased:
• soft wheat SRW in Chicago by $ 0,83 to 156,06 $ / ton
• hard wheat HRW in Kansas city by $ 0.73 to 155,15 $ / ton
• hard spring wheat HRS in Minneapolis by $ 224,77 of 1.93 to $ / ton.
Trading on Friday, the Paris area was completed with a small pre-Christmas growth. On the backdrop of a small trading volume and the lack of fundamental news the main positive factor was the weakening of the Euro.
In the occasion of the European stock exchanges will not operate on Monday and Tuesday.
the March quotations of milling wheat on the Paris stock exchange rose by € 0.25 to 160,50 € / ton (189,93 $ / tonne).