Disputes between the U.S. and Mexico put pressure on the price of wheat
Yesterday in American stock exchanges the price of wheat fell from Friday 156 $/t to 152,39 $/t. the Main causes of large global stocks and concerns about possible actions by the government of Mexico in response to the policy of the President of the United States. Are unable to support the market even with some reduction of acreage under wheat in the United States.
the price of corn has dropped from 143 $/t to 141,23 $/t
Recall that Mexico is the largest importer of American wheat and corn. Now she is negotiating with the governments of Argentina and Brazil regarding the possibility of additional customs preferences to grain suppliers from these countries. The Minister of economy of Mexico Ildefonso, Guajardo said that his country could start searching for South American suppliers of grain and agricultural products, which will be an alternative for sellers from the US.
By the end of 2015, the United States became the world's largest supplier of grain for the sum of 18.8 billion dollars and meat to a total of 14.2 billion dollars.
the Price of Ukrainian maize on CPT-port dropped to 1-2 $/t to 151-153 $/t, whereas a week ago it was $ 152-154 $/t. Due to the strengthening of the national currency hryvnia prices at the port fell to 4750-4850 UAH/ton.