Friday's trading has ended a 5-to decrease in quotations of wheat futures in Chicago.
The main background of trading has become a growing global supply. The official forecast of wheat production in Argentina increased by 39%. The European Union raised its soft wheat crop. Russia may raise the estimate of wheat production by 2 million tons.
In addition, the weather in producing areas of the U.S. was warmer than expected and, consequently, weakened the threat of freezing of crops.
In just 5 trading days of soft wheat in Chicago fell by 5.69 $/ton.
March quotes of the American wheat have decreased:
soft wheat SRW in Chicago by $1.29 to 144,58 $/ton
hard wheat HRW in Kansas city for $0,64 to 149,27 $/ton
hard spring wheat HRS in Minneapolis by $1.56 to 195,01 $/ton.
Translated by service "Yandex.Translation"
