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