Wheat prices are influenced by weather factors

Favorable for developing crops weather in the EU, especially in Germany and France, puts pressure on the price of French wheat.

• September futures for milling wheat on MATIF fell yesterday by 0.5 €/t to 177,25 €/t or 200,22 $/t

the price Drop is limited by concerns over the quality of wheat in the United States, which could impair forecasted for the next week opals, which, moreover, will delay the harvest.

at the same time in the South of Russia (Krasnodar and Stavropol Krai) and in the following decades would be dominated by hot weather, which will reduce the yield potential, especially in fields with low spring moisture reserves.

the price of wheat in Chicago has significantly supported the growth of neighbouring markets of soybeans and corn. While quotes of hard spring wheat in Minneapolis fell in anticipation of the rains in the North American Plains and Canada.

the July wheat futures in the U.S.:

1.93 $/t to 170,03 $/t for solid winter HRW wheat in Kansas city

• by 3.03 $/t to 193,36 $/t for SRW soft winter-wheat in Chicago

Fell 1.74 $/t to 207,51 $/t hard spring HRS wheat in Minneapolis.

In Chicago, the July contracts for black sea wheat yesterday traded 200 lots at 193 $/t, while August traded 310 times to increase the price by $1/t to 196 $/t