Wheat prices continue to rise on weather factors

U.S. wheat last week showed the greatest from mid-March week amid forecasts of dry weather in Kansas, the depreciation of the dollar and active export sales.

In the agricultural regions of the Midwestern and American Plains will soon come dry and hot weather.

wheat Exports from the United States for the week amounted to 561,2 thousand t, and in General in 2019/20 Mr – 23.7 million tonnes, which is 1% higher than the previous season.

the July wheat futures in the U.S.:

the

to 2.39 $/t to 172,88 $/t for solid winter HRW wheat in Kansas city

2.11 $/t to 192,90 $/t on a firm spring HRS wheat in Minneapolis.

• at 2.30 $/t to 191,34 $/t for SRW soft winter-wheat in Chicago

the Paris stock exchange on Friday grew after Chicago. Traders concerned about the impact of dry and hot weather that has already led to a slowdown in the production of soft wheat in the EU. In particular, for France, the forecast was reduced to 32 million tons compared with last year's 39.5 million tonnes For spring precipitation deficit the Ministry of agriculture of Bulgaria reduced the crop forecast in 2020/21 MG to 5 million tonnes, which is 18% lower than in 2019/20 Mr.

According to the monitoring FranceAgriMer, on 25 may in France in good or excellent condition was 56% of crops soft wheat, which is 1% lower than a week ago, and 23% less than a year ago. Return to private agricultural regions of dry and hot weather worsens the condition of the plants. The number of crops durum wheat in good or excellent condition for the week increased from 62% to 63%, whereas a year ago the figure was 71%.

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• September futures for milling wheat on MATIF rose by €1/t to 188,25 €/t or 208,95 $/t

Canada per week exported 549,8 thousand tons of wheat, and the whole season is 13.5 million tons, which is 8% below the corresponding indicator 2019/20 Mr.