Wednesday, 10 January 2018
US wheat: less SEV – higher stock prices
Tuesday after 3-day decline, the futures of soft wheat in Chicago has gone up. Growth factor, in addition to investors closing short positions, was a new evaluation by independent experts of the sowing area of winter wheat in the United States
The official estimate of winter crops from the Department of agriculture (USDA) will be made on Friday. And according to experts, all winter wheat seeded in the United States 31,307 million acres, which is 4.3% less than last year.
March quotes of the American wheat have risen:
soft wheat SRW in Chicago for $1.65 to 158,82 $/ton
hard wheat HRW in Kansas city by $2.11 to 161,30 $/ton
hard spring wheat HRS in Minneapolis by $1.93 and to 231,76 $/ton.
Photo: microstock.ru
Translated by service "Yandex.Translation"
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