In the United States is rapidly rising spring wheat
on Friday, wheat on US exchanges, there was another price spike, which once again became spring wheat.
According to a new USDA report, the area of sowing of spring wheat was the lowest since 1972. And the total amount of acreage under wheat was a record low.
a Prolonged drought in North and South Dakota dimming hopes for a normal crop.
Compounding the situation, a significant reduction in the acreage under wheat in Canada.
As a consequence, in season 2017/18 MG may be a shortage of high protein wheat. However, it is unknown whether agree the buyers to buy this grain at too high a price.
July quotes of the American wheat have risen:
- for 11,30 $/t to 187,76 $/t for SRW soft winter-wheat in Chicago
- for 11,30 $/t to 187,85 $/t for solid winter HRW wheat in Kansas city
- 9.74 $/t to 282,09 $/t on a firm spring HRS wheat in Minneapolis.
the Growth of wheat in Chicago almost 20 $/t for two days overcame the strengthening of the Euro and the effect of weather conditions on the European price of wheat.
Traders hope that the shortage of American high-protein wheat will force importers to pay attention to European wheat.
- September quotes French milling wheat on MATIF rose by 3.25 EUR/t to EUR 176,50/t or 201,39 $/t