Tender in Egypt supports purchase prices for wheat in Ukraine

In recent weeks, purchase prices for wheat in Ukraine have been falling under pressure from falling quotations on world stock exchanges, an increase in global supply and the strengthening of the hryvnia exchange rate against the dollar.

During July, prices for food wheat in the ports of Ukraine decreased from 7000 UAH/ton to 6600-6650 UAH/ton-or 210-215 $/ton, but in recent days they have recovered to 6700-6750 UAH/ton or 218-220 // ton. the increase in Hryvnia prices limits the strengthening of the hryvnia exchange rate by 1% from 27.2 UAH/т to 26.9 UAH / т.

Additionally, prices will be supported by the victory of Ukrainian wheat at the tender in Egypt, where Nibulon and kernel sold 60 thousand tons of wheat with 12.5% protein for delivery in September at a price of F 244.5-F 244.8/ton FOB. The tender showed that the offer prices for Romanian and Russian wheat are higher than for Ukrainian wheat, so the latter has prospects for a rise in price.

Black Sea wheat futures rose on the Chicago Stock Exchange:

• August-by 0 0.5 / ton to 2 249 / ton,
• December-by 0 0.5/ton to.264 / ton, which corresponds to the level of the previous month.

Tenders in Pakistan and Turkey will soon support prices for Russian wheat. The Pakistani TSR agency received offers for the supply of wheat in September at a price of 3 304-340/ton CFR.

The Jordanian agency MIT purchased 60 thousand tons of Romanian wheat with 11.5% protein at a tender and delivered in the second half of January at a price of C 285/ton CFR Aqaba.

September soft wheat futures in Chicago continue to fall as investors take profits after sharp daily jumps, and over the past four sessions have fallen by 1 13.32/ton.

September US futures fell:

• by 0 0.92 / ton to Чикаго 247.83/ton for soft winter SRW wheat in Chicago,
• by 0 0.18 / ton to.322.70 / ton for hard spring HRS wheat in Minneapolis.

Hard winter HRW wheat in Kansas City rose by 0 0.92/ton to.235.71/ton.

Experts of the MARS Agency increased the forecast of wheat yield in the EU by 0.5% compared to June estimates to 5.82 t/ha, which is 6.3% higher than last year's figure, in particular for Germany – to 7.9 t/ha and France – 7.3 t/ha.

• Against the background of increased yields and low export rates, September wheat futures for MATIF fell by €1/ton to €212/ton or.250.6/ton.

Since the beginning of my 2021/22, EU countries (excluding the UK) exported 624,574 thousand tons of soft wheat as of July 25, which is 49.1% lower than last year's pace.