After the significant rise in prices in the previous trading days, wheat was out of breath yesterday. The front month fell by EUR 3.25 to EUR 263.50 per tonne. On the spot markets, however, prices for both bread and feed wheat increased by 10 euros/t in most trading locations. Feed barley also benefited from the recent rally in wheat. However, transactions are very rarely concluded, since producers are more willing to sell again, but the buyers are withdrawing again against the background of the volatile market environment. The EU export figures published yesterday show that up to the 39th calendar week of the current marketing year, a total of 22.66 million tons of common wheat were marketed to customers outside the European Union. This means that 208,821 tons were exported in the last week and thus less than the average of all previous calendar weeks. Compared to the same time last year, the lead is 1.77 million tons. Ukraine also reported export figures yesterday. The country on the Black Sea has been able to export 12.6 million tons of wheat since the start of the season. A year ago, the export counter here was still 18.4 million tons. Around 1.28 million tons were shipped in March alone.On the CBoT, the recovery in wheat prices slowed. Nevertheless, prices increased slightly here. From Texas, it was reported that only 18 percent of winter wheat stocks were rated in the top categories. It is estimated that just over half of US wheat acreage is currently affected by drought and cool temperatures in more northerly growing areas are currently stalling spring wheat sowing.
Source
VR AGRICULTURAL
