Week for European wheat began with a noticeable drop
Monday on the Paris stock exchange has been a significant drop in wheat prices. A familiar landmark – a platform in Chicago to this day not worked, because in the United States celebrated a national Holiday of Labor.
Fundamental factors remain bearish: record harvests in the United States and Russia, creating export markets is very strong competition from France, which usually occupied a leadership position.
on the Eve of the Algerian tender, where previously the French grain was always among the winners, traders overcome the bad feeling. The greatest chance for the victory is given of wheat from Poland, Germany and the Baltic countries.
Milling wheat according to the agreements of September on MATIF fell by € 3.50/tonne to EUR 154,50/tone or 172,29 $/ton.