The price of wheat in the United States are falling under pressure growth of production forecast

on Friday, the wheat exchange in the United States were under the pressure of quarterly report USDA on the balance of wheat production in the country.

compared To the previous forecast estimate of wheat production in the United States in 2018 increased by 190 thousand t to 51,275 million tons, down 8.3% over last year's harvest. In particular, the spring wheat production will increase by 245 thousand tons to 16,955 million tonnes, while winter – will be reduced by 136 thousand tons to 32.2 million tons.

wheat Stocks in the United States on September 1 amounted to 64.7 million tonnes, 3 million tonnes exceeded last year, and was 1.5% higher expert expectations.

the Pace of wheat exports from the United States since the beginning of the season was only 39% vs. 57% on average on that date.

Under pressure the slow pace of exports and increased production forecast for wheat prices in the U.S. falling for the fourth day in a row.

the December U.S. wheat futures rose fell:

to 2.20 $/t to 187,85 $/t for solid winter HRW wheat in Kansas city

by 2.76 $/t to 210,35 $/t on a firm spring HRS wheat in Minneapolis.

• 1.47 $/t to 187,02 $/t for SRW soft winter-wheat in Chicago

Despite the protracted fall in Chicago trading on the Paris stock exchange on Friday ended with a plus, mostly with the support of the Euro, which during the week depreciated from 1,174 to 1,159 $/€.

• December futures on milling wheat in Paris rose by 0.75 €/t to 201,5 €/t or 233,88 $/t

In Ukraine on Friday, the procurement price of wheat increased due to the devaluation of the hryvnia and the growth of demand from exporters who are eager to execute contracts on wheat and go to corn.

as a Result of prolonged rain during the wheat harvest in the Western and Central regions, a significant amount of wheat affected by fungal diseases and has a very high content of smut, so the number of offers of wheat are quite limited.