The wheat crop in the United States and Russia have fallen off a European stock exchange
recently, on the Paris MATIF wheat quotations depended solely on the situation on the domestic market of the country. The lowest over the last four seasons wheat crop pushed prices of the stock and cash markets higher. But on Thursday, traders remembered about the global situation, in particular, record harvests, the U.S. and Russia.
this week on grain Eurocomm approved licenses for exports to third countries 352 thousand tons of soft wheat. This is 15% lower than last week. France share in total exports accounted for only 18%, although it is considered a major European exporter.
since the beginning of the season the volume of export licenses amounted to 2,579 million tons, which is 32% higher than last year over the same period, while last week the figure was 40%.
September quotes milling wheat on the Paris MATIF fell by 2.00 euros/tonne to EUR 166,25/tone or 185,14 $/ton.