According to AGN. "Grain Online", on Wednesday, the decline in the market for U.S. wheat. This time the main reason for pessimism traders chose weak export demand, US wheat was not even represented on the new tender in Egypt.
The September 2017 futures in Chicago fell to the lowest point in its history. And from the peak at the beginning of July quotes wheat lost 51,71 $/ton.
Meanwhile, experts are still slightly lifted the upper bar of expectations on the results of weekly export sales with the normal 550 thousand tons to 600 thousand tons. Bottom bracket habitually located on 300 thousand tons.
September quotes of the U.S. winter wheat have decreased:
- soft wheat SRW in Chicago for $3,77 to 154,05 $/ton
- hard wheat HRW in Kansas city for $2,57 to 154,14 $/ton
- Hard spring wheat HRS in Minneapolis by $5,60 to 247,46 $/ton.
Translated by service "Yandex.Translation"