Wheat prices fell yesterday on both the Matif and the CBoT. Lower prices are also being reported on the cash markets. According to market participants, the prices of bread wheat and fodder wheat are becoming more and more the same, but mills are currently reporting little demand, and there is little demand for short-term deliveries. Until 7.3. the EU countries exported 21.02 million tons of wheat. Germany has an export share of 2.46 million tons and is therefore still the third largest exporter in Europe. With 8.3 million tons, France remains by far Europe's largest wheat supplier. The previous year's volume is currently exceeded by 1.50 million tons, but in the past week fewer quantities were exported than the average for this previous marketing year. In the 36th calendar week, the export volume was only 117,640 tons. Due to technical changes, however, the Commission continues to point out that the data from Germany could be inaccurate. UN Secretary-General Guterres and Ukrainian President Zelenskyy are meeting today to continue the grain agreement. Prices on the CBoT recovered slightly yesterday. The future front month of May increased minimally.In the state of Kansas, the largest wheat-growing state in the USA, 17 percent of winter wheat stocks are currently rated as good to very good, two percentage points less than last week. Brazil announced yesterday that trials of genetically modified wheat would now be intensified. The country would like to become less dependent on wheat imports. Today at 18.00 German time the USDA will publish the March WASDE.
Source
VR AGRICULTURAL
