Wheat prices in the EU received a new factor of support

2018-08-08 12:06:33
Machine translation
Wheat prices in the EU received a new factor of support

on Tuesday, the wheat quotations in the EU continued to rise, with the support of a reduced forecast of the wheat crop in France.

 

the Situation worsens burning of grass in the pastures for the livestock getting ready to severe feed shortages.

 

  • September futures milling wheat in Paris yesterday rose 1.5 €/t to 216,25 €/t or 250,95 $/t

 

State grain operator in Saudi Arabia (SAGO) announced the termination of the procurement to international tenders of wheat and barley, canadian production through the diplomatic conflict between the countries. Increased the forecast of wheat production in Canada compared to the previous year by 7%, this news was an additional pressure on the price of U.S. wheat.

 

Investors on Tuesday took profits after reaching 3-year high prices, so exchange in the United States somewhat cooled.

 

September futures for wheat in the U.S. declined:

to 2.39 $/t to 212,93 $/t for solid winter HRW wheat in Kansas city

of $0.18/t to 230,65 $/t on a firm spring HRS wheat in Minneapolis.

  • at 2.30 $/t to 208,79 $/t for SRW soft winter-wheat in Chicago