The increase in the price of wheat on the stock exchange remains speculative
Exchange-traded market for U.S. wheat continues to live mostly speculative life. For Thursday Playground in Chicago several times to change the sign from plus to minus and Vice versa. The result of the day was positive, as investors EN masse have closed short positions.
September quotes of the American wheat have risen:
- soft wheat SRW in Chicago by $ 0.37 to 156,89 $ / ton;
- hard wheat HRW in Kansas city by $ 1.01 to 154,69 $ / ton;
- hard spring wheat HRS in Minneapolis by $ 1.29 to 193,91 $ / ton.
In France, a slight increase in prices on the news about improving export statistics to Sunday. Eurocomm on grain approved licenses for exports to third countries soft wheat in the amount of 538 thousand tonnes, which is 20% more than last week and 5% more than the average for the previous 4 weeks. Share of France - the leading European exporter, amounted to more than ever this season - almost 51%.
since the beginning of the season the volume of export licences for soft wheat totaled 3,567 mln tonnes, which is 24% higher than a year ago (31% a week ago). The price of wheat is 163,5 185,31 euros or dollars per ton for delivery in September.
