The week ended with another decline in wheat prices
In Friday trading on the European exchanges started under the pressure of falling prices in the U.S. and a sharp depreciation of the Euro against the dollar. The market also pushes the arrivals of new crop wheat, especially in conditions of low demand in recent months.
in addition, traders are concerned about the uncertainty of the market perspectives of maize and soybean associated with the tariff war, which trump announced the main trading partners of the United States.
- September futures milling wheat on MATIF fell by 2.75 €/t to 177,5 €/t and the price in dollars, the price fell to 206 $/t, which was at least the last 3 weeks.
Reduced export demand and increased wheat harvest in the United States put pressure on the wheat quotations, which lost for the week in Kansas 3.44 percent in Chicago 3.94 per cent and fell to a month low.
During the first week of the new season was only exported 310 thousand tonnes of wheat.
the July wheat futures in the U.S. fell:
0,92 $/t to 190,97 $/t for solid winter HRW wheat in Kansas city
2.48 $/t to 209,71 $/t on a firm spring HRS wheat in Minneapolis.
- 0.74 $/t to 183,53 $/t for SRW soft winter-wheat in Chicago
In Ukraine the price of wheat after falling world market prices. Recent rainfall contribute to the bulk of the ear and improve the prospects of the harvest.
In wheat growing areas, the drought continues, the continued lack of rain will reduce productivity, but will improve the quality of the grain.