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US wheat: Chicago finished the trading week on a high note
The market for American wheat finished the trading week on a high note on Friday March wheat futures in Chicago rose to new 7-week high. Again, the explanation of growth were speculative investors have made technical purchases and closed the short positions
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Additional support to the market have weather reports. Dry weather in growing areas of winter wheat is now the main risk to future crops.

The positive attitude of trading have affected the results of the export weeks. External sales of US wheat (453,70 thousand tonnes) was close to the upper limit of market expectations (200-500 tons).

March quotes of the American wheat have risen:

soft wheat SRW in Chicago for $2,39 to 162,04 $/ton
hard wheat HRW in Kansas city by $2,94 to 162,77 $/ton
hard wheat HRS in Minneapolis by $1.56 to 225,79 $/ton.

Photo: oldtext.whotrades.com



Translated by service "Yandex.Translation»
Источники: Зерно Он-Лайн
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