Weekly review of the world grain market
In the United States as 12.05.17 wheat futures rose by 1.93 $/t to 159 $/t, while prices for wheat of the new harvest decreased by 3.5 to 3.6 $/t. due to the rising prices, reduced export demand, so the wheat harvest in 2017 sold a total 273,4 thousand tons.
the Market was supported by the USDA report, according to which wheat production in the U.S. will be reduced from 62,859 to 49,539 million tons, in particular the production of chervonoarmyska winter wheat – about 30%, which will reduce accumulated during the current season inventory.
the price Increase was speculative, as important prerequisites for this was not.
In Europe on Friday next wheat futures fell 0.84 $/t to 185,27 $/t. The driest in the last ten years, the APR may cause a sharp decrease in grain yield. The condition of crops will be determined in 2-3 weeks. Even minor rainfall can contribute to improved development, although unlikely to change the overall situation.
In Ukraine for export and the domestic market continuing fall in prices for barley and wheat. Favorable weather conditions during the planting and development of winter crops. The price of corn remains unchanged, although some processors and traders has reduced it by 50 UAH/ton.
in General, during the week, export price of corn in the U.S. fell by $2/t to 158 $/tonne and wheat at $4/ton to 175 $/t Export price of Argentine wheat was 189 $/ton, corn – 163 $/t In Ukraine, the purchasing price of maize remains at 156-157 $/t for wheat – 162-164 $/t, feed wheat – 158 $/t