Wheat prices remain under pressure increase of offers of new crop

Dry weather in the southern regions of the United States helped to speed up the harvesting of winter wheat, resulting in stock prices last week, a few sank. July futures on soft wheat in Chicago fell to the lowest since September 12, 2019 level lost for 4 days 8,63 $/t

Moderate and sometimes heavy rain in the Central and southern plains this week will slow the harvest.

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

the

0.09 $/t to 157,35 $/t for solid winter HRW wheat in Kansas city

0.18 $/t to 192,63 $/t on a firm spring HRS wheat in Minneapolis.

• 0.83 $/t to 176,83 $/t for SRW soft winter-wheat in Chicago

According to the monitoring Agency FranceAgriMer, France number of sowings of soft wheat in good or excellent condition on June 15 stood at 56%, the same as a week ago, although last year the rate was 80%. The number of crops durum wheat in good or excellent condition for the week decreased from 63% to 62%, whereas a year ago the figure was 70%.

the Market for French wheat on Friday ignored the fall of Chicago and improving the prospects of the crop in the country and has grown with the support of the revitalization of purchases by major importers – Egypt and Tunisia.

the

• September futures for milling wheat on MATIF rose by 0.5 €/t to 180,5 €/t or 201,77 $/t

the harvest in the black sea region began 10 days ago, but it significantly delay the thunderstorms in the South of Romania and Ukraine. Precipitation is not allow to reduce the moisture content of the barley, and last week, some manufacturers have collected the barley with a moisture content of 16-18%.

In the next few days in Ukraine and Romania, and from the middle of the week and in the South of Russia again will be rain, which would slow down the harvest of barley in the 2020/21 season, but will contribute to filling wheat and development of maize and sunflower.