Last week, the wheat prices in Chicago and Paris have stabilized. December futures in Chicago closed Friday's trading at $4,39 per bushel ($161,3/t) versus by $4.35 per bushel ($159,8/t) a week earlier (+0.9 percent), in Paris – €160,50/t ($190,3/t) against €161/tonne ($191,9/t) the closure of the previous weeks (-0.3 percent).
With high the beginning of July, prices in Chicago fell by almost 30%.
The market has supported the suspension of sales by speculative funds, reduced forecasts for the crop in Canada and excessively wet weather in Argentina.
For stabiliziruemost the world market and Russian export prices. At the end of last week the price of wheat 12.5% to $182/ton (FOB deep-sea ports). In July quotes reached $200/t.
Photo: agropraktik.ru
Translated by service "Yandex.Translation"