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Wheat on the American stock exchange has reached a 3-year high
American spring wheat traded in Minneapolis, increased the price of contracts for July-2016 to the fastest in three years, according to market operators
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The contract for the ton of culture has risen from 258,95 to 272,36 dollars. There is also a noticeable growth was in hard winter wheat from Kansas – 176,55 against 170,57 on the last reporting day. Second place for growth took the soft wheat in Chicago, which rose by 8.45 to 176,46 dollars.

The first factor was the possible damage to the crop with high protein content. In particular, the anomalous heat is observed on a quarter of the territories of North Dakota – main U.S. center of production of grain-wheat, high rate, also in South. According to experts, this situation will continue for at least another week.

The second reason for the growth has become negative event in Canada, where the crops fell by 900 thousand to 15.8 million acres. The country planted 22.4 million acres of wheat of all types, for 300 thousand less than the average five-year and 900 thousand last year.

Photo: donnews.ru



Translated by service "Yandex.Translation"
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