Purchasing prices on wheat of the new harvest in Ukraine falls

2020-06-24 12:59:24
Machine translation
Purchasing prices on wheat of the new harvest in Ukraine falls

Ukrainian farmers have not started harvesting wheat, but favorable precipitation of June and promised for next week, dry and warm weather allow us to hope for improved prospects of the crop. If after the spring drought was estimated at 24-25 million tonnes is now forecast increased to 26-26. 5 million tons.

 

After raising forecasts for wheat production in Ukraine and Russia purchase price for domestic wheat of new crop with delivery to the port declined by 5-7 USD/t to 183 to 185 $/t

 

Due to the lack of active export demand bid prices of Ukrainian wheat fell to 193-195 $/t FOB for shipments in July-August, while buyers are not willing to pay more 190-192 $/t FOB.

 

the Purchase prices for the old crop wheat for delivery to port remain at 193-195 $/t in the absence of proposals from the manufacturers.

 

After due to active harvest, the decline in wheat prices on the US exchanges yesterday continued to recover. The number of crops of winter wheat in good or excellent condition on June 21 increased by 2% to 52% compared to 61% a year ago, and the spring wheat decreased by 6% to 75%, which almost corresponds to last year's 74%.

 

Winter wheat threshed in the United States at 29% of the area compared to 28% on average for 5 years.

 

the July wheat futures in the U.S.:

the

1.38 $/t to 159,83 $/t for solid winter HRW wheat in Kansas city.

  • 0.37 $/t to 178,57 $/t for SRW soft winter-wheat in Chicago

Fell 1.74 $/t to 188,86 $/t hard spring HRS wheat in Minneapolis.

 

In Europe, cool weather without precipitation promotes the development and ripening of winter wheat. The strengthening of the Euro against the dollar to 1,132 $/€ decreases the competitiveness of European wheat.

 

the

  • September futures for milling wheat on MATIF fell by 1.5 €/t to 3-month low of 177 €/t or 200,27 $/t

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