Wheat prices Monday began the decline
on Monday at the wheat sites were observed uncertainty due to low demand in the cash markets and uncertainty in the forecasts of crops, the EU and Russia.
September quotes milling wheat on the Paris stock exchange decreased by €1.00 to 184,25 €/ton (216,45 $/ton). The strengthening of the Euro, as well as a minimum of information about the condition of the crop continues to pressure prices.
American wheat markets on Monday continued speculative reduction. The slow pace of exports of U.S. wheat, which is 25% behind the pace of last year, restraining the growth of prices.
September quotes of the American wheat have decreased:
- soft wheat SRW in Chicago by $2.66 to 186,65 $/ton
- hard wheat HRW in Kansas city for $2,57 to 185,92 $/ton
- hard wheat HRS in Minneapolis by $3,77 to 201,35 $/ton
As of 9 July in Russia winter and spring wheat threshed from the area of 4.5 million ha (2017 – 635,8 thousand ha), and produced 17.5 million tons of grain, with a yield of 3.91 t/ha (2017 of 5.11 t/ha).
In Ukraine as of July 9, produced 5.5 million tons of wheat from 1.81 million hectares (29%) with a yield of 3.03 t/ha .
the Yield of wheat in Ukraine will grow in the course of progress of cleaning to the North and West of the country, where crops are less affected by drought.