Bearish forecasts for the wheat harvest the warm up European stock exchanges

2016-07-08 13:58:19
Machine translation
Bearish forecasts for the wheat harvest the warm up European stock exchanges

on Thursday, several rose quotes French wheat. The fears of the traders regarding the deterioration of the winter wheat crop due to adverse weather conditions starting to materialise. A number of European expert agencies unveiled bearish forecasts for wheat production volumes.

 

  • the Strategie Grains to 2 million tons to 36.5 million tons, reduced the forecast of production of soft wheat in France.
  • the ODA Groupe believes that French farmers will gather to 36.5, and only 35 million tons of soft wheat.
  • the Agritel forecasts a gross yield at the level of 37.3 million tons.

 

the Association of German traders predicts that the winter wheat crop relative to last year decreased by 4.4 per cent to $ 25 million.

 

Farmers in the UK due to the deterioration in the yield of wheat will be able to collect 15-15. 5 million tons of grain against last year to 16.4 million.

 

In Paris, the MATIF milling wheat price for September transactions was up 2.00 euros/tonne to 155,75 Euro/tone or 172,32 $/ton.