According to AGN. "Grain Online"the market U.S. wheat is usually beginning to comprehend another month forecast from the USDA in a phased manner. It happened yesterday after the release of the August report. According to experts, the USDA, the world balance of wheat began to wear a very pronounced bearish character, and some of the world's key figures were absolutely record.
However, on Thursday a wheat site in the United States had to react only on predictions for the States themselves. The production forecast was lowered to 560 thousand tons, and the forecast of ending stocks to 150 thousand tons. And these particular numbers were a major surprise, the market had expected a more significant reduction.
However, the forecast data for the US were enough to market failed. Assume that the reaction of the grain exchanges of the USA on shocking the world balance of wheat yet to come.
September quotes of the American wheat have decreased:
soft wheat SRW in Chicago for $161,85 of 6.98 to $/ton
hard wheat HRW in Kansas city for $5,70 to 164,70 $/ton
hard spring wheat HRS in Minneapolis for $11, 30 to 258,40 $/ton.
Translated by service "Yandex.Translation"