On Friday collapsed the market for American wheat
during the three trading sessions last week from Monday to Wednesday speculators were overheated market for American wheat in spite of all fundamental factors. As a result, may futures in Chicago rose on 16,35 $/ton. However, according to the laws of the market, this "air bubble" will burst.
At the beginning of this process it was possible to observe Thursday, when investors began to fix profit. However, the main "collapse" happened on Friday. USDJPY fell below values Monday.
May quotes of the U.S. wheat fell:
- 10,56 $/ton in Chicago for soft wheat SRW,
- in this case 9.83 $/ton in Kansas city for hard wheat HRW,
- at 6,61 $/tonne in Minneapolis hard wheat HRS.