Stocks of wheat in the new season reached a record value

According to the may forecast USDA, world wheat production in 2019/20 MG will increase in comparison with the current season by 6% to 777,49 million tonnes, which will increase competition in the markets.

most of the wheat crop will grow in the following countries:

Russia and 5.3 million tons to 77 million tons,

Australia – 5.2 million tonnes to 22.5 million tonnes,

Ukraine – compared to 3.94 million tonnes to 29 million tonnes,

Canada – 2.7 million tonnes to 345 million tonnes.

• in the EU by 17.3 million tons up to 153.8 million tons,

the Global consumption of wheat in the new season will increase by 2.9% to 759,46 million tons, in particular:

China – 3 million tons,

India – 2 million tonnes,

USA – 1.4 million tons,

the countries of South-East Africa by 1.28 million tons,

Ukraine – 1.1 mln t,

the Middle East is 1 million tons.

• in the EU, at 4.9 million tons,

Australia will increase wheat exports to 3.5 mln t, the EU – 3 million tons, Ukraine – 2.5 million tons, while Russia and Kazakhstan will reduce it by 1 million tons.

the Increase of production will lead to growth of carry-over ending stocks of 6.6% to a record 293 million tons.

After the publication of the July report the futures in the U.S. fell:

3,95 $/t to 142,19 $/t for solid winter HRW wheat in Kansas city

0.09 $/t to 189,96 $/t on a firm spring HRS wheat in Minneapolis.

• 1.74 $/t to 156,07 $/ton, in winter SRW soft wheat in Chicago

European stocks on Friday fell behind the us.

• September wheat futures MATIF decreased 1,25 €/t to 169 €/t or 189,81 $/t