Precipitation in the major exporting countries have fallen off the price wheat old crop

In wheat markets continue to emerge, the price of wheat of the new harvest. As long as they remain at a high level because of possible problems with the harvest because of the shortage of precipitation.

the Rains, which have already passed and a further 5-7 days will continue in the main regions of cultivation of wheat in the United States, Europe, Australia and the black sea countries, have reduced speculative demand for wheat of the new harvest and turned the market down.

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• the May futures for milling wheat on MATIF fell by 1.5 €/t to 197,75 €/t or 213,52 $/ton, and September - 1.25 €/ton to 190 €/t or 205,77 $/t

On the physical market for French wheat prices fell by 5 €/t, higher than the stock fall as buyers believe quotes unreasonably high, even though the data of the Ministry of agriculture of Russia will bicerano as of April 26, the quota by 7 million tons for export of grain from Russia to countries outside the EAEU, which will lead to halt exports until July 1.

May futures on soft wheat in Chicago on Friday tumbled as investors closed positions, taking into account the crisis state of the world economy in a pandemic coronavirus.

On the Southern Plains of the United States moderate precipitation and warm air contribute to the development of winter crops in the Northern Plains and Delta region such weather favours the sowing of spring wheat and getting a good germination.

the May wheat futures in the U.S. fell:

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at 3,95 $/t to 174,44 $/t for solid winter HRW wheat in Kansas city

to 2.39 $/t to 183,35 $/t on a firm spring HRS wheat in Minneapolis.

• by 7.44 $/t to 193,54 $/t for SRW soft winter-wheat in Chicago

Weather conditions in major producing countries in the near future will determine the trends in the price of wheat.

In Western and South Australia, which are the main regions of production and export of wheat, there is still a moisture deficit, whereas in the Eastern regions, where they grow mainly winter wheat, the moisture level in April was the best in several seasons.