Through the improvement in the weather wheat quotes in USA reduced
Despite the fact that in the main regions of cultivation of wheat in the U.S. remains cool and wet weather, the condition of winter crops in the past week has improved slightly, the national agricultural statslib of the Ministry of agriculture of the United States.
the Share of crops in good or excellent condition increased by 1% to 52%, whereas at the same date last year the cultivation was 62%.
American farmers continue to plant corn and spring wheat. As of may 21, spring wheat planted 90% of the planned areas compared to 94% for the same period last year and 84% average for the last five years. Corn planted 84% of the planned area, which meets the expectations of the experts, the pace of sowing last year and slightly behind the average of the five annual rate of 85%.
on Tuesday trading on wheat markets ended in the red. Prices pressured by technical factors and improving the condition of winter wheat crops.
the July wheat prices in the U.S. declined:
- in Chicago by 1.7 $/t to 157,8 $/t for SRW soft winter-wheat,
- in Kansas city 2.0 $/t to 158,2 $/t for solid winter HRW-wheat,
- in Minneapolis at 1.8 $/t 203,6 up to $/t on a firm spring HRS wheat.
MARS has reduced the estimate of wheat yields in the EU from 6.05 t/ha in the previous forecast to 5.91 t/ha, which is 6,2% higher than last year's yields due to increased production in France, where the condition of crops will be able to improve precipitation, which have already been and will continue soon. Also reduced the yield forecasts for barley 4.9 t/ha to 4.76 t/ha and rapeseed from 3.27 t/ha to 3.17 t/ha.