Wednesday, 01 February 2017
Wheat on the Chicago exchange, 31.01.17
US wheat: Chicago pared some previous losses due to speculators
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On Tuesday, the market American winter wheat has partially won back losses of the previous two trading days. Hard spring wheat became cheaper and the third day in a row.
Winter wheat grew in price because of speculators, the market is dominated by short covering on the last day of the month. Also support was provided by the weakening of the U.S. dollar.
March quotes of the American winter wheat grown:
soft wheat SRW in Chicago by $2.48 to 154,60 $/ton
hard wheat HRW in Kansas city for $1,38 to 157,81 $/ton
Hard spring wheat HRS in Minneapolis has decreased by $1.01 to 201,54 $/ton.
Translated by service "Yandex.Translation"
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