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On Thursday (July 7), the delivery price of first-class French wheat at the French port of Rouen was $357/ton, down $25 from a week earli.
The price range over the past 52 weeks is $240 to $472 a ton.
The price range over the past 52 weeks is $240 to $472 a ton.
On Thursday, the price of second-class wheat in Shanghe, Argentina was 433 yuan/ton, down $27 from a week ago; the price of .
2 hard red winter wheat in the United States was $388/ton, down $21 from a week ago; the price of .
2 soft red winter wheat in the United States was 337 US dollars / ton, down 12 US dollars from a week a.
2 hard red winter wheat in the United States was $388/ton, down $21 from a week ago; the price of .
2 soft red winter wheat in the United States was 337 US dollars / ton, down 12 US dollars from a week a.
On Euronext in Paris, the most actively traded December wheat futures settled at 345 euros/ton on Friday, up 175 euros or 10% from a week ago, after falling to a four-month low on Thursday; Chicago wheat futures rose 3
In France, the wheat market, which is usually quiet in July, became extraordinarily busy as the wheat harvest started ear.
Major buyers such as Algeria and Morocco have little choice but to source French whe.
Major buyers such as Algeria and Morocco have little choice but to source French whe.
The current progress of the French wheat harvest is much higher than the same period last ye.
The national wheat harvest was 14 percent complete as of Monday, up from 1 percent a year earlier, as hot, dry conditions in late spring prompted the harvest to start ear.
Early harvest results show satisfactory wheat quali.
The national wheat harvest was 14 percent complete as of Monday, up from 1 percent a year earlier, as hot, dry conditions in late spring prompted the harvest to start ear.
Early harvest results show satisfactory wheat quali.
International buyers were aggressively buying as wheat prices fe.
The General Directorate of General Commodities Supply (GASC), the state-owned buyer of top wheat importer Egypt, bought 444,000 tonnes of wheat directly from traders on Monday and bought 63,000 tonnes of German wheat on Tuesday, traders sa.
In addition, the drought in Morocco has reduced wheat production and strong import demand may prompt Morocco to import hundreds of thousands of tons of wheat from France this mon.
The General Directorate of General Commodities Supply (GASC), the state-owned buyer of top wheat importer Egypt, bought 444,000 tonnes of wheat directly from traders on Monday and bought 63,000 tonnes of German wheat on Tuesday, traders sa.
In addition, the drought in Morocco has reduced wheat production and strong import demand may prompt Morocco to import hundreds of thousands of tons of wheat from France this mon.
The monthly report released by the European Commission on July 1 shows that the available production of soft wheat in the EU in 2022/23 (July-June) is 12044 million tons, which is lower than the previous month's forecast of 1339 million tons, and also lower than the previous year's 301 100 million tons, mainly due to reduced wheat production in countries such as France, Poland, Romania and Spa.
However, blockages in Black Sea grain exports boosted the outlook for EU wheat expor.
The EU maintained its forecast for EU soft wheat exports in 2022/23 at 38 million tonnes, which would be a record and well above the 30 million tonnes in 2021/2 The lower production results in ending stocks for 2022/23 down 4 million tons to 12 million to.
However, blockages in Black Sea grain exports boosted the outlook for EU wheat expor.
The EU maintained its forecast for EU soft wheat exports in 2022/23 at 38 million tonnes, which would be a record and well above the 30 million tonnes in 2021/2 The lower production results in ending stocks for 2022/23 down 4 million tons to 12 million to.
For comparison, Strategic Grains forecast 2022/23 EU soft wheat production at 124 million tonnes on June 9, while the European Union Grain Chamber of Commerce (COCERAL) on May 27 forecast 124 million tonn.
On June 8, the French Ministry of Agriculture released its first 2022 crop production report, which is expected to increase this year's winter barley and rapeseed production, but did not give a forecast for wheat producti.
In France, the wheat harvest usually starts in Ju.
The recent six-week decline in French wheat crop conditions has slowed in the last two weeks as recent rains have cool.
Markets are focused on whether recent rains can curb damage from the spring drought and avoid further losses in production potenti.
France saw more rain on Wednesd.
In France, the wheat harvest usually starts in Ju.
The recent six-week decline in French wheat crop conditions has slowed in the last two weeks as recent rains have cool.
Markets are focused on whether recent rains can curb damage from the spring drought and avoid further losses in production potenti.
France saw more rain on Wednesd.
On the demand side, importers have shied away from high-priced wheat in recent weeks and international demand has slumped, with traders increasingly looking forward to the next season starting in Ju.
However, traders said there could be a new wave of demand from drought-affected Morocco, where French wheat shipments are expected in the coming wee.
However, traders said there could be a new wave of demand from drought-affected Morocco, where French wheat shipments are expected in the coming wee.
On June 9, FranceAgriMer, a subsidiary of the French Ministry of Agriculture, estimated that French wheat exports outside the EU in 2021/22 (July-June) would be 1 million tons, down from the 25 million tons forecast in M.
It was also the third consecutive month of declin.
Exports are lowered due to high wheat prices, which have curbed international dema.
FranceAgriMer forecasts French wheat exports to EU member states in 2021/22 at 8 million tonnes, unchanged from its May foreca.
It was also the third consecutive month of declin.
Exports are lowered due to high wheat prices, which have curbed international dema.
FranceAgriMer forecasts French wheat exports to EU member states in 2021/22 at 8 million tonnes, unchanged from its May foreca.
According to data from the European Commission, as of June 30, the 2021/22 (July-June) EU-27 wheat exports reached 247 million tons, an increase of 84% over the previous year's 271 million tons; imports were 46 million tons, an increase of 249% over the previous year's 02 million to.
The top buyer was Algeria, which imported 9 million tons of wheat, compared with 82 million tons in the previous year; its share was 18%, compared with 26% in the previous ye.
The second largest buyer was Egypt, which imported 73 million tons, compared with 08 million tons in the previous year); its share was 9%, compared with 2% in the previous ye.
The third largest buyer is Nigeria, which imported 24 million tons, compared with 36 million tons in the previous year); the import share was 1%, compared with 2% in the same period last year; China was the fourth largest buyer, with 13 million tons imported, compared with 77 million tons in the previous year) , with a share of 8%, compared with 9% in the previous ye.
The top buyer was Algeria, which imported 9 million tons of wheat, compared with 82 million tons in the previous year; its share was 18%, compared with 26% in the previous ye.
The second largest buyer was Egypt, which imported 73 million tons, compared with 08 million tons in the previous year); its share was 9%, compared with 2% in the previous ye.
The third largest buyer is Nigeria, which imported 24 million tons, compared with 36 million tons in the previous year); the import share was 1%, compared with 2% in the same period last year; China was the fourth largest buyer, with 13 million tons imported, compared with 77 million tons in the previous year) , with a share of 8%, compared with 9% in the previous ye.
Investment funds and financial institutions held a net long 102,956 contracts in the Euronext milling wheat futures and options market as of July 1, down from 120,385 contracts a week earlier, Euronext holdings data show.
The euro closed at $02 on Friday, compared with $04 a week a.
Note: 1 Euro is equal to 02 USD
