The price of wheat in Ukraine following the fall of the world

2021-03-15 12:03:32
Machine translation
The price of wheat in Ukraine following the fall of the world

the Results of the Egyptian tender and favorable for winter wheat of weather conditions in all countries of the Northern hemisphere continue to lower the price of demand for black sea wheat old crop, which consequently influenced the procurement price of wheat in Ukraine.

 

due to the lack of demand for expensive Ukrainian wheat exports for the week amounted to only 24 million tonnes, but only in the season of 13.8 million tonnes, up 18 per cent behind last year's pace. To reach the projected 17.5 million tons,should be weekly to export 230 thousand tons of wheat, which is difficult to do on the background of the high price of the offers and the reluctance of manufacturers to lower the sales price.

 

Last week, the procurement price of wheat in the ports of Ukraine decreased by 3-4% to 8350-8400 UAH/t or 263-264 $/t as traders who are unable to sell the wheat for $280/MT FOB, are forced to lower prices to compete with European and Russian wheat.

 

the wheat Export from Russia for the week decreased by 14% to 600 thousand tons, and in total, the season was 34.4 million tonnes, which is 32% higher than last year's pace. Until the end of the season you want to export further 3.7 million tons of wheat, or of 240 thousand tons weekly, which is quite real to Russian exporters, sellers want because until the new season to sell off the remnants given the low prices for new crop raising the duty on wheat from July 1.

 

the bid Prices for black sea wheat of the new harvest decreased to 240 $/t FOB, while demand for the old crop is almost absent.

 

  • the May futures for milling wheat on MATIF fell by 1.25 €/t to three-week low 223,25 €/t or 266,86 $/t, and the September – 0.5 €/t to 199,25 €/t or 238 $/t

 

Agency Coceral has reduced the forecast of wheat production in the EU and the UK in 2021/22 MG ,5 million tonnes to 141,5 million tonnes, which is still 10% higher than in the 2020/21 MG.

 

the U.S. wheat on Friday also upgraded to 4-week low in anticipation of precipitation, which should take place on the sidelines of the American plains. During the week the wheat in Chicago fell by 2% to 4-week low, and in Kansas by 3% to 5 weeks.

 

the May futures fell:

  • 1.47 $/t to 234,60 $/t for SRW soft winter-wheat in Chicago,
  • 0.28 $/t to 221,74 $/t for solid winter HRW wheat in Kansas city,
  • 0.09 $/t to 232,86 $/t on a firm spring HRS wheat in Minneapolis.

 

the rate Projected for the coming days, heavy precipitation in the regions of cultivation of winter wheat in the US, the EU, Ukraine and Russia are increasing pressure on prices and lack of demand accelerates the pace of the fall of quotations of the old crop, which in turn lowers the price of corn, which were reduced due to the reduction in price of the meal.

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