Despite decline, U.S. wheat is still too expensive

The Chicago wheat continues to lose value and approaching its month low. The wheat harvest in the United States is progressing in leaps and bounds and worldwide, there is a wide range, with the he U.S. always still cannot compete wheat. There is nothing what could prop up the rate, because the wheat from the United States on the world market to $10-15 per tonne is too expensive, so today's broker from Sidney Australia tomorrow in a comment.
The USDA said yesterday after the close of trading in Chicago, that 75% of the winter wheat areas are cleared. In the anti-Government, there were 65% and the 5-year average 74%. Yesterday, the State Egyptian utilities GASC a undisclosed amount of wheat on the way had brought a tender to purchase. The deliveries should at the time of the.-10 September take place.

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