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The price of wheat awaiting the outcome of the sowing campaign

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spring wheat Sowing in the major producing countries have been much faster than last year, and abundant rainfall give hope to receive a good harvest.

the Concern is the pace of sowing of wheat in the United States, where excessive rains and low temperatures are harmful to crops of spring wheat. Furthermore, in Eastern Australia re-establish the drought.

Chicago stock exchange on Thursday started to grow on weather news and against the closure of the investors short positions, but a sharp drop in the neighboring corn market launched quotes down.

In the end of the day of the July wheat futures in the U.S. fell:

by 2.57 $/ton to 156,25 $/t for solid winter HRW wheat in Kansas city

3.49 $/t to 196,30 $/t solid spring HRS wheat in Minneapolis.

0,92 $/t to 172,78 $/t for SRW soft winter-wheat in Chicago

Yesterday it became known that the administration trump will allocate $ 16 billion for compensation of losses to farmers who have suffered from trade wars with China. Payout rates are determined by crop species and location of production. According to experts, this aid package will encourage farmers to expand production in excess of the limits of insurance.

the Paris stock exchange rose yesterday after Chicago, however, the price growth has constrained the forecasts of a good harvest of wheat in the EU, Ukraine and Russia.

the September wheat futures on the MATIF rose by 0.5 €/t to 175,5 €/t or 196,29 $/t

https://graintrade.com.ua

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