The great farmers of the world employ more and more feed wheat instead of corn. The increasing supply of cheap wheat in poor quality is the result of large harvests and the prevailing low prices.
The producers have only the choice to store wheat, or to seek an alternative recovery. In the United States, on the Black Sea, in Europe and Australia, huge wheat crops were introduced now for three years. Also, there are quality problems, which force to grant a discount on quality wheat again. Wheat repeated as more and more market share away from the maize.
The USDA estimated global wheat consumption last week 13.3 million tonnes higher than last year, now there are 144.2 million tons and thus so much, as last time four years ago, when there was a worldwide shortage of maize. Even if the prices for corn, the wheat prices, so low protein levels and numbers of cases force the wheat to estates that make cheaper U.S. wheat 7 to 8 CT / bu as corn. And so the exporters sell their wheat to Colombia, Viet Nam and Indonesia.
In February, exports by moto3 wheat from the Black Sea region were partly 25 USD/tonne under the corn prices and that there was a wide variety of buyers. Compound feed manufacturers use them as much as possible. Countries such as South Korea and Indonesia have taken already measures in order to protect the domestic corn market.
