Wheat prices in the US are falling due to improved weather conditions

2018-04-23 12:04:36
Machine translation
Wheat prices in the US are falling due to improved weather conditions

the Uncertainty of rainfall in the United States and its impact on the winter wheat crop is still worried investors.

 

the Main driver of Friday's trading began on the weekend predicted heavy rainfall in the regions of cultivation of wheat in the United States. Thanks to the active fixation of the traders trades in a week the price of wheat fell in Chicago on 2% in Kansas by 2.62%, the Minneapolis – by 2.76%.

 

the weekly Increase in exports by 3.6% to 452 thousand t also puts pressure on prices, although total exports of US wheat in the current season by 16.95 inferior to last year.

 

the May futures for U.S. wheat decreased

by 4.59 $/t to 177,38 $/t for solid winter HRW wheat in Kansas city

by 4.87 $/t to 220,46 $/t on a firm spring HRS wheat in Minneapolis.

  • 4.96 $/t to 170,21 $/t for SRW soft winter-wheat in Chicago

 

Under pressure to boost exports and the depreciation of the Euro against the dollar may futures milling wheat on MATIF fell by 1 €/t to 163 €/t (200,39 $/t).

 

the European Weekly exports of wheat amounted to 333 thousand tons, and from the beginning of the season, the EU has implemented a third country 15.62 min million tons of wheat against of 20.48 million tons last year.