Wheat prices in the US again under the pressure of the weather
2017-07-18 12:40:21
Machine translation
Report NASS USDA was released after the close of trading and quotations of futures for wheat rose by 1.3%
September's U.S. winter wheat is now trading at:
- soft wheat SRW in Chicago 188,68 $/ton
- hard spring wheat HRS in Minneapolis has increased by $3,40 to 281,91 $/ton.
Quotes of French wheat futures are down for 4 days running. During this time they lost €9,25.
on Monday, the pressures on the European market proved to be too much:
- Euro strengthened against the U.S. dollar to a record level 1,1524
- continued weakening quotations of the soft wheat in Chicago;
- cessation of the rains has speeded up the rate of harvest in the Northern regions of France. Contradictory data about the productivity, experts noted the high quality of the grain;
September quotes milling wheat on the Paris stock exchange MATIF fell by €1.50 to 172,50 €/ton (197,93 $/tonne).
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