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The global supply gap is difficult to fi.
July soft red winter wheat futures on the Chicago Board of Trade (CBOT) settled at around $1085 a bushel on Friday, up 575 cents, or 5%, from a week a.
July hard red winter wheat futures on the Kansas City Futures Exchange (KCBT) settled at around $1705 a bushel, up 675 cents, or 9%, from a week a.
July hard red spring wheat futures on the Minneapolis Grain Exchange (MGEX) settled at around $10875 a bushel, up 475 cents, or 7%, from a week a.
Euronext's September 2022 milling wheat futures traded at around €3950/tonne, up €150 or 6% from a week earli.
Argentine wheat spot prices were quoted at $457/ton, up $7 or 6% from a week a.
The.
dollar index rose sharply this week, hitting a 20-year high at one point, closing at 1066 points, up 4% from a week a.
July hard red winter wheat futures on the Kansas City Futures Exchange (KCBT) settled at around $1705 a bushel, up 675 cents, or 9%, from a week a.
July hard red spring wheat futures on the Minneapolis Grain Exchange (MGEX) settled at around $10875 a bushel, up 475 cents, or 7%, from a week a.
Euronext's September 2022 milling wheat futures traded at around €3950/tonne, up €150 or 6% from a week earli.
Argentine wheat spot prices were quoted at $457/ton, up $7 or 6% from a week a.
The.
dollar index rose sharply this week, hitting a 20-year high at one point, closing at 1066 points, up 4% from a week a.
Global wheat production outlook for 2022 lowered
The United Nations Food and Agriculture Organization said on May 6 that global wheat production in 2022 is expected to be 782 million tons, lower than the 784 million tons expected in April, as winter wheat production was damaged due to persistent drought in the United States; Ukrainian wheat production is expected to be lower than average, Conflict could reduce harvested area by 20% or more; good weather means good prospects for wheat in Russia; wheat production is expected to increase slightly in India and Pakist.
.
winter wheat crop conditions continue to decline
winter wheat crop conditions continue to decline
The.
Department of Agriculture's weekly crop progress report on Monday showed that 27 percent of winter wheat was good to good as of May 1, although it was unchanged from a week earlier and well below the 48 percent a year earli.
The poor rate has increased to 43%, compared with 39% a week ago and 19% a year earli.
In addition, the spring wheat planting progress is also behind the historical avera.
As of May 1, the planting progress of spring wheat was 19%, compared with 46% in the same period last year and the five-year average of 2
The emergence rate of spring wheat is 5%, compared with 13% in the same period last year, and the five-year average is
Department of Agriculture's weekly crop progress report on Monday showed that 27 percent of winter wheat was good to good as of May 1, although it was unchanged from a week earlier and well below the 48 percent a year earli.
The poor rate has increased to 43%, compared with 39% a week ago and 19% a year earli.
In addition, the spring wheat planting progress is also behind the historical avera.
As of May 1, the planting progress of spring wheat was 19%, compared with 46% in the same period last year and the five-year average of 2
The emergence rate of spring wheat is 5%, compared with 13% in the same period last year, and the five-year average is
Drought conditions in South Dakota, Nebraska and Kansas have generally improved this week, with heavy rainfall helping to improve soil moisture and raising river levels, according to the.
Drought Monit.
Rainfall ranged from 2 to more than 8 inches this week, with the highest rainfall in central South Dakota, eastern and central Nebraska, and northern Kans.
But some dry areas in the Plains, including the extreme southeast of South Dakota, northeastern Nebraska and central Kansas, largely missed this week's stor.
Across the.
Plains, hot weather looms over drought-stricken western Texas and adjacent areas, with highs of 95 degrees Fahrenheit or higher on Friday, the National Weather Service said Frid.
Drought Monit.
Rainfall ranged from 2 to more than 8 inches this week, with the highest rainfall in central South Dakota, eastern and central Nebraska, and northern Kans.
But some dry areas in the Plains, including the extreme southeast of South Dakota, northeastern Nebraska and central Kansas, largely missed this week's stor.
Across the.
Plains, hot weather looms over drought-stricken western Texas and adjacent areas, with highs of 95 degrees Fahrenheit or higher on Friday, the National Weather Service said Frid.
Severe heat in mid-March reduces India's wheat output, uncertain export outlook
The critical growing wheat crop withered as India experienced its hottest March on reco.
Earlier this week, India's food ministry lowered India's wheat production in 2022 to 105 million tonnes, down 3 million tonnes from a record 113 million tonnes forecast in February and also down from 1059 million tonnes the previous year, which would be India's Wheat production fell for the first time after hitting a five-year hi.
Some industry insiders estimate that the output may only reach 80-99 million to.
.
wheat futures rose sharply after media reports earlier in the week that India was considering curbing wheat exports as a heatwave damaged crops, prompting the government to prioritize domestic consumption over grain expor.
Subsequently, officials from the Indian Ministry of Food clarified that India has not taken measures to curb exports because the country has sufficient stoc.
But judging from the market's reaction, it seems more inclined to believe that India's wheat export supply may shrink significant.
Earlier this week, India's food ministry lowered India's wheat production in 2022 to 105 million tonnes, down 3 million tonnes from a record 113 million tonnes forecast in February and also down from 1059 million tonnes the previous year, which would be India's Wheat production fell for the first time after hitting a five-year hi.
Some industry insiders estimate that the output may only reach 80-99 million to.
.
wheat futures rose sharply after media reports earlier in the week that India was considering curbing wheat exports as a heatwave damaged crops, prompting the government to prioritize domestic consumption over grain expor.
Subsequently, officials from the Indian Ministry of Food clarified that India has not taken measures to curb exports because the country has sufficient stoc.
But judging from the market's reaction, it seems more inclined to believe that India's wheat export supply may shrink significant.
Another extreme heatwave in India in the coming week
Parts of Haryana, Rajasthan, Madhya Pradesh and Maharashtra (four days from Sunday), as well as Uttar Pradesh and Parts of Punjab) (three days from Monday) will experience a heat wa.
India has continued to experience record heat in recent weeks, increasing demand for electricity to run air conditioners as power plants face a severe coal shorta.
Power outages for up to 8 hours a day in some are.
The heatwave could also delay wheat harvests and hamper industrial activity ahead of monsoon rains in Ju.
India has continued to experience record heat in recent weeks, increasing demand for electricity to run air conditioners as power plants face a severe coal shorta.
Power outages for up to 8 hours a day in some are.
The heatwave could also delay wheat harvests and hamper industrial activity ahead of monsoon rains in Ju.
French wheat also faces hot, dry weather
Arvalis, a European agricultural technology research institute, said that the weather in France's wheat-producing regions for the next 10 days will be hot and dry, and there has been little rainfall in the past few months, which may lead to irreparable damage to French cro.
From January 1 to early May this year, precipitation in France was about 30% lower than the average of the past 20 years, so crops are more sensitive to dry weath.
From January 1 to early May this year, precipitation in France was about 30% lower than the average of the past 20 years, so crops are more sensitive to dry weath.
Russian farmers speed up sales of Chen Mai
Export prices for Russian wheat fell nearly 3 percent in the last week of April, according to consultancy IKAR, as farmers accelerated sales and freed warehouses ahead of the summer crop, leading to a rise in domestic suppli.
As of April 29, Russian 15% protein wheat was offered at $370/ton FOB at Black Sea ports, down $10/ton or 6% from a week earli.
As of April 29, Russian 15% protein wheat was offered at $370/ton FOB at Black Sea ports, down $10/ton or 6% from a week earli.
Moscow-based consultancy SovEcon raised its forecast for Russia's 2021/22 wheat exports by 200,000 tonnes to 31 million tonnes in a report on Frid.
Andrei Sizov, head of SovEcon, said that Russia's wheat exports in May and June will be significantly lower as traders' export quotas are about to be exhaust.
But wheat exports in July (the first month of the new year) could rise sharply after the quota period en.
SovEcon forecasts Russia's 2022/23 wheat exports to increase to 41 million tonn.
Andrei Sizov, head of SovEcon, said that Russia's wheat exports in May and June will be significantly lower as traders' export quotas are about to be exhaust.
But wheat exports in July (the first month of the new year) could rise sharply after the quota period en.
SovEcon forecasts Russia's 2022/23 wheat exports to increase to 41 million tonn.
