Wheat prices grow due to dry weather
on Thursday, the wheat prices in the U.S. rose by 2% and reached 9-month high on news of dry weather in the growing regions of wheat. The experts of the Council on the quality of wheat to predict yield of HRW wheat at the level of 35.2 bushels/acre from 46.2 bushels/acre last year and 39.7 bushels/acre on average for 5 years.
Exports of old crop wheat dropped 21% to 234,8 thousand tons
Investors in Chicago's mass closing of short positions and carry out speculative purchase.
the May futures for U.S. wheat has increased:
4.32 $/t to 201,17 $/t for solid winter HRW wheat in Kansas city
of $0.18/t to 231,94 $/t on a firm spring HRS wheat in Minneapolis.
- by 5.42 $/t to 198,60 $/t for SRW soft winter-wheat in Chicago
strengthening of the Euro and the low volume of weekly exports of European wheat at 249 thousand t has restricted the growth of prices on the stock exchange in Paris.
- Futures milling wheat on MATIF rose by 0.3% to 175,25 €/t (205,96 $/t), which is maximum 7 months.
Saudi Arabia plans to purchase for the tender of 540 thousand tons of wheat, Jordan – 120 thousand tons of grain, Ethiopia – 35 thousand tons. According to the European traders on the tenders can be purchased Polish and German wheat.
the November wheat futures in London rose 0.7% to 9-month high 152,95 lb/t or 207,66 $/t
the price of Ukrainian wheat in the port increased and now amount to:
protein 11,5% 190-192 $/t or 5900-5950 UAH/t,
feed 185-188 $/t or 5800-5850 UAH/t
- protein 12,5% 192-194 $/t or 5950-6000 UAH/t,