Wheat prices remain stable
on Friday, the French wheat market continued to fall despite the speculative growth of Chicago and the further weakening of the Euro caused by the Catalan event. Experts say the lack of clear milestones for movement.
the European Exports of wheat remains low during the week were sold only 185 thousand MT of wheat. Since the beginning of the season exported 4.7 million tons of wheat, which is 35% lower than in the previous year. It is expected that due to the drought Spain will increase wheat imports to 16 million tons against 11.5 million tonnes in 2016.
- December futures milling wheat on MATIF fell by 0,75 €/t to 165,25 €/t (193,85 $/t).
In Chicago after a two-day sales of speculative investors on Friday began to close short positions.
Weekly export sales were second in volume in the current marketing year.
December quotations of wheat in the U.S.:
- soft wheat SRW in Chicago by 1.01 $/t to 162,96 $/t,
- for hard wheat HRW in Kansas city by 0.92 $/t to 160,48 $/t,
- hard spring wheat HRS in Minneapolis by 3.03 $/t 229,18 up to $/t