USDA on Friday lowered its estimates of production of spring wheat in the country was 6.5%. Thus, USA has joined the list of producing countries that in the current season are experiencing the problem of shortage of high protein grain. Spring wheat United States on a large scale buy in Philippines, Japan, Taiwan.
A large proportion of the crop hard winter wheat of the United States has in the current season the protein content is below average seasonal performance.
Reduction in the production of spring wheat on the background of the high demand led to a rise in stock prices in Minneapolis and Chicago.
December quotes of the American wheat for October 30:
soft wheat SRW in Chicago by $1.10 to 147,71 $/ton
hard wheat HRW in Kansas city decreased by $0,64 to 152,67 $/ton
hard spring wheat HRS in Minneapolis has increased by $1.75 to 189,04 $/ton.
Translated by service "Yandex.Translation"
