Tuesday, 31 July 2018
US wheat: the new week began with the storming new heights.
After a relatively small 2-day reduction at the end of last week, the U.S. wheat market rushed to storm new heights. The occasion was the fresh forecasts of declining production in the EU, black sea and Australia. September futures quotations of wheat in Chicago reached the highest level since mid-June.
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Separate traders, the delays of the harvesting campaign because of rains in some regions of Russia, as well as a jump in export prices for Russian wheat.
Pleased with the market news that US wheat has finally turned out to be the most competitive on the tender in Iraq.
Specialists expect to lower the ratings of condition of spring wheat by 2 points.
September quotes of the American wheat have risen:
- soft wheat SRW in Chicago for $200,80 of 5.88 to $/ton
- hard wheat HRW in Kansas city for $5,60 to 201,26 $/ton
- hard wheat HRS in Minneapolis by $3,12 to 220,83 $/ton
Translated by service "Yandex.Translation"
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