The week ended with a decrease in the price of wheat
After two days of rising prices for U.S. wheat, investors in the absence of fundamental factors supporting the started to fix profit and to carry out speculative sales.
failed to support prices weekly wheat exports, which increased substantially relative to previous week and 7% higher than the corresponding week last year, reaching 422,383 kt, however, was worse than expert expectations.
March U.S. wheat futures fell:
0.74 $/t to 157,07 $/t for solid winter HRW wheat in Kansas city.
0.74 $/t to 223,58 $/t on a firm spring HRS wheat in Minneapolis.
- 0,92 $/t to 155,33 $/t for SRW soft winter-wheat in Chicago
European stocks remain under pressure the Euro strengthened to a 3-year high, and leaves no chance to boost export.
Traders believe that hope for European wheat is almost gone, even if wheat exports from the United States, despite the weak dollar is the worst season of the level. Currently, the rate of export of European wheat 19% yield togoron.
- March delivery milling wheat on MATIF fell by 0.5 €/t to 155,25 €/t (189,89 $/t).