07.
11.23
08:31

4.26 million hectares of wheat cultivation in Ukraine

On Euronext/Matif, the wheat contracts were unable to maintain their rising trend of the last trading days at the start of the week. The December date closed 1.25 euros/t higher at 232.25 euros/t. Quotations and price offers also fell slightly on the cash markets yesterday. For feed wheat ffr. Südoldenburg was quoted at 213.00 euros/t yesterday at lunchtime, 2 euros less than on Friday. Bread wheat at the wholesale level also fell by an average of 2 euros/t in the individual destinations. The sluggish wheat sowing in France is fundamentally supporting market price developments. Farmers are making slow progress here due to very heavy rainfall. At the same time, many retailers are also worried about their competitiveness because of the stronger euro. Algeria is currently looking for wheat, bids can still be submitted today, and France's exporters are hoping for surcharges. Jordan is also currently active on the wheat market with a larger tender for 120,000 tons. The Ministry of Agriculture of Ukraine released a report yesterday, Monday, that winter wheat area for the upcoming 2024 harvest remained unchanged at 4.26 million.Hectares left, compared to this year's harvested area, this is a decrease of 100,000 hectares. Sowing has already taken place on 3.87 million hectares, which corresponds to a sowing progress of 90 percent. On the CBoT, wheat prices started the new week more firmly. The December contract for the CBoT's Hard Red Winter increased by 3.25 cents to 575.75 US cents/bu, which corresponds to a converted rate of 197.29 euros/t. Weekly export shipments were disappointing at just 71,608 tons and were well below the previous week's values. However, due to currency developments, many market participants are speculating on better global wheat demand in the USA. However, this morning before the trading session, the contracts gave up all of their previous day's profits.

Source
VR AGRICULTURE
Rückrufservice
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich