The price of wheat after 3 days of growth turned down

the Eve of Friday's output in the United States, dedicated to the Independence Day, traders fixed profit after 3 days of growth of wheat prices.

outdoor harvest of winter wheat, rains in the North American Plains, which should improve the condition of spring wheat, and the not too optimistic data on exports pressured prices.

Export sales of US wheat for the week decreased by 20% to 414,3 thousand tons, which corresponds to the expert expectations and 50% higher than the corresponding period last year. Wheat exports from the United States for the week amounted to 508,6 thousand tons and since the beginning of the season (1 June) reached 1.88 million tons, which is 3% below last year's level.

the July wheat futures in the U.S. fell:

the

for 5,60 $/t to 156.98 $/t for solid winter HRW wheat in Kansas city

4.23 $/t to 182,15 $/t on a firm spring HRS wheat in Minneapolis.

• 3.22 $/t to 180,04 $/t for SRW soft winter-wheat in Chicago

wheat Exports from the EU is slowing down. In 2019/20 MG as of June 28, the EU exported of 33.4 million tonnes of soft wheat, which is 63% higher than the corresponding figure of the previous MG. The main buyers of European wheat steel Algeria, purchased 5.4 million tons, and Saudi Arabia, which has imported 3.1 million tonnes.

during the season through the port of Rouen, France exported 7.2 million tons of wheat.

the price of French wheat, which for three days grew after Chicago yesterday as it began to decline, however, to a lesser extent.

the

• September futures milling wheat on MATIF fell by 0.5 €/t to 181 €/t or 203,50 $/t

Manufacturers are in no hurry to sell wheat of the new harvest, expecting a rise in prices on the background of projected decrease in yield in the EU.

August futures for black sea wheat is trading at 198 $/ton, in September – at $200/t in December – for 209 $/t

In Ukraine, purchasing prices for milling wheat after the world grew up in port before 181-183 $/t or 5850-5900 UAH/t due to the depreciation of the hryvnia against the dollar. Active collection of winter wheat will begin no earlier than 10-15 July, so the number of proposals from manufacturers is very small.