Wheat prices lost a further 2%
Under the pressure of strained trade relations between the US and China, as well as the beginning of active harvesting stock prices for wheat on Monday lost another 2%.
Dry weather in France facilitates the collection and reduces the risk of damage to the crop. The recent downpours experts FranceAgrimer lowered the share of crops in good to excellent condition up to 76% against 79% the previous week.
- September futures milling wheat on MATIF fell by 3 €/t to 174,5 €/t (203,07 $/ton), which was at least 4 weeks.
the price of U.S. wheat on Monday, also fell under the pressure of increasing yields and fall in the neighboring markets of soybeans and corn. Winter wheat in the U.S. collected from 27% of the area versus 19% on average, and the yield in Kansas, which is the main state producing, higher than expected. According to NASS, the number of crops in good to excellent condition increased by 8% to 78%.
the July wheat futures in the U.S. fell:
7,44 $/t to 183,53 $/t for solid winter HRW wheat in Kansas city
by 2.57 $/ton to 207,14 $/t on a firm spring HRS wheat in Minneapolis.
- 3.49 $/t to 180,04 $/t for SRW soft winter-wheat in Chicago
In Ukraine, the precipitation is held on the West and center, improved crop condition, but the East and South of the country suffering from drought. The southern regions started to collect and has harvested 10 tons of wheat with a yield of 2.62 t/ha and 268 thousand tons of barley with a yield of 3.3 t/ha.
the price of wheat continues to decline and is currently at port, traders offer:
protein 11,5% - 178 $/t,
feed - 173 $/t
- protein 12,5% - 180 $/t,