Prices of wheat exchanges have fallen sharply
earlier In the week, prices of wheat exchanges in the United States and France fell to 2-week low.
quotes crushes the beginning of winter wheat harvest and a significant drop in the neighboring markets of corn and soybeans.
wheat Exports from the U.S. last week fell by 23.4% to 341,7 thousand tons, which is by 35.8% inferior to the figures of the corresponding period last year.
Winter wheat threshed on 5% of the area against the average annual rate of 4%, and the yields are very different.
Spring wheat planted 97% of the area, and 81% of the area has already received seedlings, of which 70% are in good or very good condition.
the July wheat futures in the U.S. fell:
by 7.07 $/t to 191,61 $/t for solid winter HRW wheat in Kansas city
3,95 $/t to 217,98 $/t on a firm spring HRS wheat in Minneapolis.
- by 6.61 $/t to 185,64 $/t for SRW soft winter-wheat in Chicago
the Fall of prices in Paris was not as significant as in Chicago. Quotes supported the concern about the possible reduction of wheat production in Russia, as well as concern about the fate of the future harvest due to the drought in the Eastern and Northern regions of Europe, particularly in the North of Germany.
- September futures milling wheat on MATIF fell by 2.25 €/t to 179,25 €/t (209,57 $/t).
the Market was supported by information from the Algerian tender, the Agency OAIC may 31, despite the intentions to purchase 90-120 thousand tonnes of milling wheat bought 180 KMT of French wheat at a price 228-230 $/t C&F.
wheat Exports from Ukraine dropped by 56% to 112 thousand tons, while prices for August shipments of wheat from the new harvest increased to 180-185 port$/t for the possible reduction of gross yield and grain quality.