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At the beginning of the week, India suddenly embargoed whe.
The weather situation in many major producing countries threatened wheat production, aggravating the fear of tight wheat supply and triggering a surge in wheat prices, but then India said it would relax the ban, and Russia's wheat production was in sight, triggering bullish profi.
Gushing out, suppressing the price of wheat to fa.
On the Chicago Board of Trade (CBOT) July soft red winter wheat futures settled at around $16875 a tonne on Friday, down 75 cents, or 7%, from a week a.
July hard red winter wheat futures on the Kansas City Futures Exchange (KCBT) settled at around $15275 a bush, down 225 cents, or 3%, from a week a.
July hard red spring wheat futures on the Minneapolis Grain Exchange (MGEX) settled at around $179 a bushel, down 46 cents, or 5%, from a week a.
Euronext's September 2022 milling wheat futures traded at around €4275/tonne, up €25 or 1% from a week earli.
The spot price of Argentine wheat was $481/ton, up $21 or 6% from a week a.
The.
dollar index closed at 1003 on Friday, down 5 percent from a week earli.
July hard red winter wheat futures on the Kansas City Futures Exchange (KCBT) settled at around $15275 a bush, down 225 cents, or 3%, from a week a.
July hard red spring wheat futures on the Minneapolis Grain Exchange (MGEX) settled at around $179 a bushel, down 46 cents, or 5%, from a week a.
Euronext's September 2022 milling wheat futures traded at around €4275/tonne, up €25 or 1% from a week earli.
The spot price of Argentine wheat was $481/ton, up $21 or 6% from a week a.
The.
dollar index closed at 1003 on Friday, down 5 percent from a week earli.
India export ban disrupts global markets
The Indian government announced on May 14 that it would ban wheat exports because of a drop in wheat production due to dry and hot weath.
On May 19, media reports said that India is considering allowing traders to export some of the wheat stranded at ports, because the sudden ban prevented dealers from shipping wheat in ti.
Egyptian Supply Minister Ali Mosley said on Tuesday that an agreement had been reached with India to buy 500,000 tonnes of wheat directly from India, but a contract had not yet been sign.
He reiterated that transactions with the Indian government would not be affected by the export b.
On May 19, media reports said that India is considering allowing traders to export some of the wheat stranded at ports, because the sudden ban prevented dealers from shipping wheat in ti.
Egyptian Supply Minister Ali Mosley said on Tuesday that an agreement had been reached with India to buy 500,000 tonnes of wheat directly from India, but a contract had not yet been sign.
He reiterated that transactions with the Indian government would not be affected by the export b.
India's agriculture ministry this week forecast 2022 wheat production of 1041 million tonnes, down about 4 percent from earlier forecasts, as a sudden increase in temperatures during the crop's maturation phase has led to lower yiel.
The quantity of wheat purchased by the government fell by more than 50% year-on-year due to lower wheat production, prompting India to change its policy of actively promoting expor.
Traders estimate that wheat production could fall to around 100 million tonnes in 2022, based on reduced supplies on the spot mark.
Earlier this year, the Indian government had projected a record wheat output of 1132 million tonn.
The quantity of wheat purchased by the government fell by more than 50% year-on-year due to lower wheat production, prompting India to change its policy of actively promoting expor.
Traders estimate that wheat production could fall to around 100 million tonnes in 2022, based on reduced supplies on the spot mark.
Earlier this year, the Indian government had projected a record wheat output of 1132 million tonn.
India to see heat wave in coming days
The highest temperature in some parts of northwestern India and central Madhya Pradesh could rise by 2-3 degrees Celsius over the next three days, followed by a drop of 2-4 degrees Celsius, the India Meteorological Department said on Saturd.
The highest temperature in Uttar Pradesh on Wednesday reached 42 degrees Celsi.
The Bureau of Meteorology defines a heatwave as a maximum temperature of 45 degrees Celsius or mo.
Heatwave weather could hamper wheat harvesting in northern stat.
The weather bureau said the weather conditions for the next two days are favorable for the southwest monsoon to advance further towards the Bay of Bengal and more parts of the South Arabian S.
Heavy rain is likely in some parts of Kerala and Karnataka on Thursd.
Showers are possible for five days from Thursday in West Bengal, Uttar Pradesh, Bihar and Uttarakha.
The highest temperature in Uttar Pradesh on Wednesday reached 42 degrees Celsi.
The Bureau of Meteorology defines a heatwave as a maximum temperature of 45 degrees Celsius or mo.
Heatwave weather could hamper wheat harvesting in northern stat.
The weather bureau said the weather conditions for the next two days are favorable for the southwest monsoon to advance further towards the Bay of Bengal and more parts of the South Arabian S.
Heavy rain is likely in some parts of Kerala and Karnataka on Thursd.
Showers are possible for five days from Thursday in West Bengal, Uttar Pradesh, Bihar and Uttarakha.
Global wheat production forecast lowered for new season
On May 19, the International Grains Council (IGC) lowered its forecast for global wheat production in 2022/23 by 11 million tons to 769 million tons, reflecting a lower forecast for.
wheat production from 49 million tons to 48 million tons, India The wheat production forecast was lowered to 105 billion from 113 milli.
Russia's wheat production was raised to 87 million tons, up from an earlier forecast of 85 million to.
Ukrainian wheat production is expected to remain unchanged at 14 million tons, down 40 percent from the previous year's 33 million to.
wheat production from 49 million tons to 48 million tons, India The wheat production forecast was lowered to 105 billion from 113 milli.
Russia's wheat production was raised to 87 million tons, up from an earlier forecast of 85 million to.
Ukrainian wheat production is expected to remain unchanged at 14 million tons, down 40 percent from the previous year's 33 million to.
Crop yields in top.
winter wheat-producing state could hit lowest since 2018
winter wheat-producing state could hit lowest since 2018
Kansas winter wheat yields this year will be the lowest since 2018, as drought damages crops, inspectors participating in the annual Kansas wheat field trip said Thursd.
Those participating in the annual expedition organized by the.
Wheat Quality Council estimated the 2022/23 Kansas wheat yield at 37 bushels per acre, down from the 2016-2021 five-year average of 44 bushels per ac.
For comparison, USDA estimates the 2022/23 Kansas hard red winter wheat yield at 30 bushels per ac.
Grain traders and food companies are keeping a close eye on the state of the.
wheat crop after the.
Department of Agriculture forecast for the first time in its May supply and demand report that global wheat ending stocks for 2022/23 will hit a six-year l.
In February and March, the United Nations Food and Agriculture Organization's (FAO) global food price index hit a record high as exports were disrupted by tight suppli.
This year's crop inspectors estimated the state's wheat production at 261 million bushes, down from the USDA estimate of 271 million bushes and down from last year's 364 million bushe.
At least 25 percent of his fields in drought-stricken southwestern Kansas will not be harvested, said Gary Millershaski, a farmer who participated in the expediti.
Some growers are frustrated by poor crop prospects at a time of high wheat pric.
Those participating in the annual expedition organized by the.
Wheat Quality Council estimated the 2022/23 Kansas wheat yield at 37 bushels per acre, down from the 2016-2021 five-year average of 44 bushels per ac.
For comparison, USDA estimates the 2022/23 Kansas hard red winter wheat yield at 30 bushels per ac.
Grain traders and food companies are keeping a close eye on the state of the.
wheat crop after the.
Department of Agriculture forecast for the first time in its May supply and demand report that global wheat ending stocks for 2022/23 will hit a six-year l.
In February and March, the United Nations Food and Agriculture Organization's (FAO) global food price index hit a record high as exports were disrupted by tight suppli.
This year's crop inspectors estimated the state's wheat production at 261 million bushes, down from the USDA estimate of 271 million bushes and down from last year's 364 million bushe.
At least 25 percent of his fields in drought-stricken southwestern Kansas will not be harvested, said Gary Millershaski, a farmer who participated in the expediti.
Some growers are frustrated by poor crop prospects at a time of high wheat pric.
.
wheat ratings slide
wheat ratings slide
The.
Department of Agriculture's weekly crop progress report showed that 27 percent of.
winter wheat was rated excellent as of May 15, compared with 29 percent a week earlier and 48 percent a year earli.
Spring wheat planting progress is 39%, 27% last week, 83% last year, and the five-year average of 6
In Kansas, 24 percent of winter wheat was good to good, compared with 28 percent last we.
Texas winter wheat is 5 percent good to good, up from 7 percent last we.
Oklahoma's winter wheat is 13 percent good to good, compared with 20 percent last we.
Department of Agriculture's weekly crop progress report showed that 27 percent of.
winter wheat was rated excellent as of May 15, compared with 29 percent a week earlier and 48 percent a year earli.
Spring wheat planting progress is 39%, 27% last week, 83% last year, and the five-year average of 6
In Kansas, 24 percent of winter wheat was good to good, compared with 28 percent last we.
Texas winter wheat is 5 percent good to good, up from 7 percent last we.
Oklahoma's winter wheat is 13 percent good to good, compared with 20 percent last we.
The past week has been rainy in the northern and eastern.
Plains and dry in the western and southern regions, with no precipitation in most of Colorado and little precipitation in southern Wyoming and Nebraska and western Kans.
Expansion of extreme drought to extreme drought (D1 to D3), expansion of extreme drought and super drought (D3 to D4) in Kansas, expansion of extreme drought (D3) in Nebraska, anomalous in western Montana Dry (D0) area expand.
Plains and dry in the western and southern regions, with no precipitation in most of Colorado and little precipitation in southern Wyoming and Nebraska and western Kans.
Expansion of extreme drought to extreme drought (D1 to D3), expansion of extreme drought and super drought (D3 to D4) in Kansas, expansion of extreme drought (D3) in Nebraska, anomalous in western Montana Dry (D0) area expand.
According to USDA statistics, 60 percent of Colorado has insufficient or very low topsoil moisture, Montana 73 percent, Wyoming 58 percent, Kansas 51 percent, and Nebraska 37 percent
Bad weather in French farming regions threatens wheat yield potential
In the current situation of tight global wheat supply, especially considering that the conflict between Russia and Ukraine affects grain exports from the Black Sea, India announced to stop wheat exports, and the.
winter wheat rating is at a historical low, prompting market participants to turn their attention to Europe, looking forward to the EU this summer The wheat harvest could ease global supply constrain.
But bad weather in EU wheat-producing regions could reduce the EU's ability to supply wheat to the wor.
France's largest farm federation, FNSEA, said cereal yields in 2022/23 could fall by two to three percent due to continued hot and dry weath.
Since the start of the year, accumulated precipitation in northern and central France is the lowest since 2003 and 2011, the driest years in France this centu.
French crop research institute Arvalis said on Thursday that heavy rains were needed in early June to keep crops in the main producing areas through the sto.
It was reported this week that temperatures in Spain are set to reach record highs for the same period, with heatwaves expected to push temperatures above 40 degrees Celsius (104 degrees Fahrenheit) in some parts of the count.
winter wheat rating is at a historical low, prompting market participants to turn their attention to Europe, looking forward to the EU this summer The wheat harvest could ease global supply constrain.
But bad weather in EU wheat-producing regions could reduce the EU's ability to supply wheat to the wor.
France's largest farm federation, FNSEA, said cereal yields in 2022/23 could fall by two to three percent due to continued hot and dry weath.
Since the start of the year, accumulated precipitation in northern and central France is the lowest since 2003 and 2011, the driest years in France this centu.
French crop research institute Arvalis said on Thursday that heavy rains were needed in early June to keep crops in the main producing areas through the sto.
It was reported this week that temperatures in Spain are set to reach record highs for the same period, with heatwaves expected to push temperatures above 40 degrees Celsius (104 degrees Fahrenheit) in some parts of the count.
Experts at the Maxar Meteorological Company said the dryness in Europe had intensified significantly in recent weeks, with northern and central France being the most extre.
Conditions are likely to improve in the UK, northern Germany and Polish agricultural regions over the next 15 days, with hot, dry weather remaining a concern in France's wheat-producing regio.
In terms of weather in Europe's winter crop regions, France is the most worryi.
Conditions are likely to improve in the UK, northern Germany and Polish agricultural regions over the next 15 days, with hot, dry weather remaining a concern in France's wheat-producing regio.
In terms of weather in Europe's winter crop regions, France is the most worryi.
Russia's bumper wheat crop helps boost export prospects
Analysts in Russia have also raised their forecasts for Russian wheat production this we.
Due to favorable weather conditions, IKAR expects Russian wheat production to increase to 85 million tons in 2022/23 and exports to 39 million to.
On the same day, SovEcon, another Moscow-based consultancy, raised its forecast for Russian wheat production in 2022/23 by 2 million tonnes to a record 86 million tonnes, citing favorable weather and the possibility of further raising its forecast for Russian wheat production going forwa.
SovEcon in early May estimated Russian wheat exports in 2022/23 at 41 million tonnes, accounting for more than 20 percent of global wheat expor.
Wheat export quotas, which were implemented between February 15 and June 30 for the current year, will expire on June 3 Russia will continue to implement floating export tariffs in the next ye.
Due to favorable weather conditions, IKAR expects Russian wheat production to increase to 85 million tons in 2022/23 and exports to 39 million to.
On the same day, SovEcon, another Moscow-based consultancy, raised its forecast for Russian wheat production in 2022/23 by 2 million tonnes to a record 86 million tonnes, citing favorable weather and the possibility of further raising its forecast for Russian wheat production going forwa.
SovEcon in early May estimated Russian wheat exports in 2022/23 at 41 million tonnes, accounting for more than 20 percent of global wheat expor.
Wheat export quotas, which were implemented between February 15 and June 30 for the current year, will expire on June 3 Russia will continue to implement floating export tariffs in the next ye.
The USDA forecasts Russian wheat production in 2022/23 at 80 million tons, up 6 percent from a year earli.
The.
Department of Agriculture said that wheat turned green in April and abundant precipitation in growing areas, so production prospects are bright, especially in southern Russia and Euro.
Wheat yields will be highly dependent on the weather in May and June, with the Russian wheat harvest starting in Ju.
The USDA expects Russia to export 39 million tons of wheat, up from 33 million tons this seas.
The.
Department of Agriculture said that wheat turned green in April and abundant precipitation in growing areas, so production prospects are bright, especially in southern Russia and Euro.
Wheat yields will be highly dependent on the weather in May and June, with the Russian wheat harvest starting in Ju.
The USDA expects Russia to export 39 million tons of wheat, up from 33 million tons this seas.
Ukrainian wheat production in 2022 may fall by 35% year-on-year
In contrast to Russia's bumper wheat crop, the market appears to be in agreement for a sharply reduced wheat crop in Ukraine this ye.
USDA forecasts Ukrainian wheat production in 2022/23 at 25 million tons, down 35 percent from a year earlier and 23 percent below the five-year avera.
The.
Department of Agriculture this month forecast a 21 percent reduction in the 2022/23 wheat harvested area in Ukraine, an 18 percent drop in yields, and a possible 30 percent destruction or abandonment rate in conflict zon.
USDA forecasts Ukrainian wheat production in 2022/23 at 25 million tons, down 35 percent from a year earlier and 23 percent below the five-year avera.
The.
Department of Agriculture this month forecast a 21 percent reduction in the 2022/23 wheat harvested area in Ukraine, an 18 percent drop in yields, and a possible 30 percent destruction or abandonment rate in conflict zon.
