Against the background of active sowing of spring wheat the fall in stock prices is accelerating

2021-05-18 12:00:56
Machine translation
Against the background of active sowing of spring wheat the fall in stock prices is accelerating

< span style="font-size:14px;">global stock exchanges started the new week with lower wheat prices under the pressure of good sowing rates and forecasts of an increase in the harvest due to favorable weather.

 

< span style="font-size:14px;">the forecast of rain in the Northern American Plains, where there was a lack of precipitation, led to a sharp decline in prices for durum spring wheat on the Minneapolis Stock Exchange, while prices fell on other sites under the pressure of accelerated sowing.

 

< span style="font-size:14px;" > according to the USDA, as of May 16, the number of winter wheat crops in good or excellent condition was 48%, compared to 49% a week ago and 52% last year. 53% of winter wheat crops were in the earing phase, compared to 38% a week ago, 54% a year ago and 58% on average over 5 years.

 

< span style="font-size:14px;" > the number of areas sown with spring wheat for the week increased from 70% to 85% compared to 57% a year ago and 71% on average over 5 years. Seedlings were obtained on 47% of crops compared to 29% a week ago, 28% a year ago and 36% on average over 5 years.  

 

< span style="font-size:14px;">prices supported data on wheat exports from the United States, which grew by 17% over the week to 658.5 thousand tons, and in general in the season reached 24.4 million tons, which is 2% higher than last year's pace.

 

< span style="font-size:14px;">July US futures fell:< / span> < / p>

  • < li> < span style= " font-size: 14px;" > by 2 2.76 / t to до 257.11 / t for soft winter SRW wheat in Chicago,< / span> < / li>
  • < span style= " font-size: 14px;" > by 2 2.02 / t to до 239.66 / t for hard winter HRW wheat in Kansas City,< / span> < / li>
  • < span style="font-size:14px;" > by 9 9.46/t to.262.71/t for hard spring hrs wheat in Minneapolis. 

 

< span style="font-size:14px;">EU countries exported 297.5 thousand tons of wheat during the week, and in general in the season – 23.4 million tons, which is 25.1% lower than last year's pace.

 

  • < span style="font-size:14px;">September wheat flour futures on MATIF fell 3.5 € / T to 214.5 €/t or 260.95 € / t.< / span> < / li>

 

< span style="font-size:14px;" > in Russia, 6.3 million hectares or 49.6% of the planned area are sown with spring wheat, and the sowing rate is gradually approaching the average annual indicators.

 

< span style= " font-size: 14px;">Black Sea wheat futures in Chicago fell in price:< / span> < / p>

  • < span style="font-size:14px;">July-by 4 4 /T to 2 266/t,< / span>< / li>
  • August – by 3 3.75/t to 2 265.5/t. < / li>

 

< span style="font-size:14px;" > old crop wheat is offered at fairly high prices: Russian – 2 275-285/ton FOB, Ukrainian–. 270-275/ton FOB, European – по 280/ton FOB, Argentine and Australian – по 285/ton FOB.

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