The growth of quotations in Chicago supports the European wheat
the Market for French wheat continued to support the quotations on the Chicago stock exchange that gradually grow.
As before, additional factors increasing prices remain a small number of sellers and increased exports. French exporters are trying to fulfill export obligations to buyers from Morocco until may 31, when the effect of low import duties.
September quotes milling wheat on the Paris MATIF rose by 0.75 euros/tonne to € 164,25/tone or 183,20 $/ton.
the Price of wheat on the Chicago stock exchange is influenced by the weather factor. However, the dynamics of growth remains rather moderate.
In the regions that are major producers of winter wheat, experienced heavy rainfall, which is unusual for the current season. This creates risks of deterioration in the quality of the crop that has already finished maturing.
July quotes U.S. wheat rose:
- in Chicago 0.74 $/tonne to 171,22 $/tones of soft wheat SRW,
- in Kansas city 1.65 $/tonne to 165,71 $/tone for hard wheat HRW.
durum wheat HRS in Minneapolis remained unchanged at the level 191,80 $/ton.