The increase in the price of wheat in the EU supported the American stock exchange
After news about the reduction of wheat yields in France and in other major producing countries, prices on Euronext on Tuesday raised.
Experts Strategie Grains has lowered the forecast of wheat production in France, from 4.6 million tonnes to 33.2 million tonnes of Winter precipitation has lowered the density of planting, and spring is not affected by the formation of grain.
- it's September futures milling wheat increased by 4 €/t to 182,5 €/t (212,98 $/t).
Optimistic traders Algerian tender, although cheap it has a price of 237 $/t C&F at the organisers ' expectations at a price within 231 $/t C&F.
the market for U.S. wheat for the support of the European exchanges partially played the sharp drop of Monday. Traders focused on data about reduced wheat yields in Europe, Ukraine and Russia.
stock Exchange Wednesday, the US does not work, as the country celebrates Independence Day.
the September wheat futures in the U.S.:
by 4.87 $/t to 177,84 $/t for solid winter HRW wheat in Kansas city
by 3.03 $/t to 196,67 $/t on a firm spring HRS wheat in Minneapolis.
- 3,95 $/t to 180,41 $/t for SRW soft winter-wheat in Chicago
Preliminary data wheat harvest in Ukraine demonstrate productivity on the level of last year. However, purchase prices are rising due to fears of traders that heavy precipitation can degrade the quality of the grain.
currently in the port for wheat bids
protein 11,5% - 174-176 $/t or 5400-5500 UAH/t,
forage - 169-171 $/t or 5250-5300 UAH/t
- protein 12,5% - 176-179 $/t or 5500-5600 UAH/t,