Wheat still under pressure - Ukrainian exports without major disruptions

The price correction continued to assert itself at the beginning of the week. The September date posted a drop in price from EUR 7.75/tonne to EUR 240.00/tonne. In the USA, the losses were even greater. With a loss of $38.50 US cents/bushel, the front month recorded the highest loss of the day. In addition to the report that export shipments in Ukraine are currently proceeding without any major interruptions and that Russia's threat to completely block the Danube ports was not fully implemented, the news that there will be somewhat milder temperatures and some precipitation in the coming days intended for selling pressure on the stock exchanges. Meanwhile, US inspections reached a volume of 523,000 tons last week, well above the level of the previous week (+193,000 tons), but could not match the volume from the previous year.

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