Prices continue to fall on wheat exchanges

< span style="font-size:14px;" > favorable weather for the development of wheat crops increases pressure on wheat quotes on world stock exchanges.  An additional blow to prices was caused by yesterday's collapse in corn prices in Chicago by 6%. Rains in Canada and Australia improve the prospects for the future wheat harvest.

< span style="font-size:14px;">against the background of forecasts of good harvests in the Northern Hemisphere, including in the United States, soft wheat quotes in Chicago are getting cheaper for the seventh consecutive session.

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

• < li> < span style= " font-size: 14px;" > by 2 2.11 / t to до 241.22 / t for soft winter SRW wheat in Chicago,< / span> < / li>
• < span style= " font-size: 14px;" > by 3 3.95/t to до 222.11 / t for hard winter HRW wheat in Kansas City,< / span> < / li>
• < span style="font-size:14px;" > by 0 0.74/t to.250.86/t for hard spring hrs wheat in Minneapolis.

< span style="font-size:14px;" > French wheat fell in price yesterday after American wheat on forecasts of a large harvest. The depreciation of the euro against the dollar reduces the competitiveness of European grain, which puts pressure on prices.

• < span style="font-size:14px;">September wheat flour futures on MATIF fell 3 € / T to a monthly low of 205.25 €/t or 251.11 € / t.< / span> < / li>

< span style="font-size:14px;">demand for old-crop wheat on the physical market remains very low, and not a single ship with wheat was shipped from Novorossiysk, which is Russia's main export port, during the week. Traders expect June 2, when the "floating" export duty on wheat will begin to accrue, which will be lower than the current fixed one. Therefore, Russia in June may increase wheat exports to 1.3-1.5 million tons compared to 400 thousand tons in May.

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

• < span style="font-size:14px;">July-by 2.3% to 2 257 / ton,< / span> < / li>
• < span style="font-size:14px;">December-by 2.5% to 2 262.5 / t.< / span> < / li>

< span style = "font-size:14px;" >in Russia, 10.7 million hectares have already been sown with spring wheat, or 84.3% of the planned areas exceeding 10.2 million hectares sown on the same date in 2020< / span> < / p>