The stock price of wheat rose after a decline in forecast production in Russia

the updated forecast of the Ministry of agriculture of Russia's grain production in 2020 are reduced compared to previous estimates of 5.3 million tonnes to 120 million tonnes due to the effects of drought reduced yields by 30% in the Krasnodar, Stavropol and Rostov region.

Traders also concerned about the situation in the EU, which returned to hot and dry weather.

the price of French wheat rose yesterday to a one-week high due to concerns about a possible reduction in forecasts of the new harvest, because only in the Baltic States and Spain, the condition of the wheat crop is estimated higher than average, while other countries suffer from moisture deficit.

the

• September futures for milling wheat on MATIF rose by 3 €/t up to 188 €/t or 206,03 $/t

U.S. wheat exchanges in the environment have grown together with the support of the speculators covered short positions, and because of the uncertainty with the fate of the new crop in the major States. According to crop-tour, yield estimation is lower than the previous one. In addition, the North American Plains delayed sowing of spring wheat.

the July wheat futures in the U.S.:

the

4.32 $/t to 166,54 $/t for solid winter HRW wheat in Kansas city

at 4.50 $/t to 191,25 $/t on a firm spring HRS wheat in Minneapolis.

• by 5.51 $/t to 188,77 $/t for SRW soft winter-wheat in Chicago

Traders almost no interest in the old crop and new trade actively. Black sea market Russian wheat protein 12,5% offer 197-200 $/t FOB with delivery in July, while prices of Ukrainian wheat with protein 11.5% of the increased to 194-195 $/t FOB.