Wheat prices waver in Chicago

Wheat prices recorded another hesitant performance this Wednesday evening in Chicago. The trend continues to integrate the arrival of the Southern Hemisphere harvests into an already well-supplied market, with in particular a rapid gain in competitiveness of the Argentinian origin on the international scene. However, the showers in eastern Australia would have caused a deterioration in the fodder quality of a significant part of the national production, according to local observers. The market also remains attentive to the second part of the campaign, during which the export quota to Russia was set at only 11 Mt, compared to 29 Mt last year. Soybean prices also remained under pressure this Wednesday evening in Chicago, mainly in reaction to the excellent production prospects in South America. However, the dynamism of American international sales continues to limit the pressure on bean prices. The ...