U.S. wheat in all quality classes for the world market too expensive

The global wheat supply remains high for the time being and U.S. wheat can be placed at current price levels, not on the world market. So it is not surprising that the futures market prices on the CBoT back on commuting and now reached its lowest level for ten days. The courses of the front month July 15 were on Wednesday still on a two-month high, as analysts for U.S. winter wheat quality issues saw. The analysts believe that this again will be a story for rising prices, from FC stone Australia this morning not. To do this, the supply situation on the world market is too good. U.S. wheat is too expensive for almost all quality classes to win new accounts for themselves.
Egypt yesterday bought 60,000 tons of wheat of Russian origin to delivery in the period from July 11 to 20 and looking for additional quantities for the same delivery period.

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