On Monday, September futures prices for French wheat dropped to a 2-week low. Serious pressure on Paris has a fall in the American wheat market. In addition, European traders are in no hurry to react to weather horror stories and intend to wait for data from experts about the real damage to the crop, as a result of the intense heat. Reports agency Grain On-Line.
The European market also understands that the decline in forecasts for the production of Russian wheat, which is happening in recent days, is unlikely to shake Russia's position as a leading exporter.
In the south-west of France started the harvest of wheat. The first days showed high yields, but low protein content, although it is too early to draw conclusions. Experts believe.
The heat in France began to weaken, although the forecast promises a small amount in the coming weeks.
September milling wheat quotations on the Paris Stock Exchange MATIF fell by € 2.00 to 178.25 € / ton ($ 201.12 / ton).
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