The trading week in the USA ended with the collapse of the wheat exchanges
on Friday collapsed quotes wheat at all grain platforms USA, and the Chicago stock exchange. Investors took into account the fundamental factors of the new season in the form of excess supply of wheat in the world in General and USA in particular.
Agency (Informa Economics predicts that in the new season wheat crop will amount to 60.3 million ton., and corn – 369,1 million. USDA these figures are estimates, respectively, at 56.5 million tons and 366,5 million. In the season 2015/16 in the United States were collected 55.8 million tons of wheat and 345,5 million tons of corn.
the July wheat prices in the U.S. fell:
- 5.51/t to 152,94 $/ton in Chicago soft wheat SRW,
- 3.68 $/tonne to 144,86 $/ton in Kansas city for hard wheat HRW,
- 2.21 $/ton to 179,77 $/tonne in Minneapolis on hard spring wheat HRS.