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The USDA report has crashed the market for U.S. wheat
The August USDA report brought the panic on the trading floor in North America
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The forecast of wheat production in the United States, according to experts, has been reduced by 560 thousand tons, and monitoring of final stocks only 150 thousand tons. Few expected such a small reduction. Most market participants had expected a more significant decrease of ending stocks and grain production.

The world balance of wheat stocks have become a major factor in the collapse of the value of the grain exchanges of America. After the report, some experts suggested that the downward trend will continue for a long time and the situation Thursday is just the beginning of a fever on the stock exchanges.

The maximum fall has been spring wheat. During the trades the price is down 11.3% $ 258,4 $ per ton. Soft wheat in Chicago has lost of 6.98 $, staying at around 161,85 $ per ton. 5.7 $ fell hard wheat in Kansas city to form the final price to the end of the trading day of 164.7 $ per ton.

Photo: elevatorist.com



Translated by service "Yandex.Translation"
Источники: IDK.Эксперт
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