Wheat prices recover after drop
Quotes of French wheat on Tuesday rose slightly after the speculative growth of the stock exchange in Chicago. Prices have maintained a physical market, where the farmers have suspended the sale.
- May futures milling wheat on MATIF rose by 0.25 €/t to 162,5 €/t (199,45 $/t).
After a three-day significant fall in the price of American wheat sites to restore the quotes could just Chicago, and that, due to the extremely speculative component.
Kansas continued to fall despite the rise USDA the number of crops in good to excellent condition on 1 p. to 11%. Traders hope that the precipitation, which took place at the weekend and in the future are predicted by forecasters, will have a positive impact on the winter condition.
the May futures for U.S. wheat fell:
1.19 $/ton to 217,98 $/t on a firm spring HRS wheat in Minneapolis.
- 0.09 $/t to 172,69 $/t for solid winter HRW wheat in Kansas city
Increased by 0.83 $/t to 166,45 $/ton SRW soft winter-wheat in Chicago.
