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net/tag_2057.
html" class="zdbq" title="Wheat-related food information" target="_blank">wheat foodmate.
net/tag_2496.
html" class="zdbq" title="Price related food information" target="_blank">prices rose strongly, mainly due to growing concerns about the prospects for wheat production in the foodmate.
net/tag_2463.
html" class="zdbq" title="U.
S.
related food information" target="_blank">United States , Europe, and the Black Sea, which added risk and premium to the wheat market; the dollar weakened , The inflationary pressure is obvious, attracting speculative funds to speculate on bulk foodmate.
net/tag_1357.
html" class="zdbq" title="Agricultural related food information" target="_blank">agricultural products including wheat , resulting in unusually active market volatility.
On Friday, the Chicago Board of Trade (CBOT) July soft red winter wheat futures rose by about 57.
25 cents from a week ago to close at 712.
25 cents per cat.
The July hard red winter wheat futures on the Kansas City Futures Exchange (KCBT) closed at approximately 680.
50 cents/bus, up 64.
25 cents from a week ago.
The July hard red spring wheat futures on the Minneapolis Grain Exchange (MGEX) closed at about 725.
50 cents per bust, up 54.
25 cents from a week ago.
Euronext's September 2021 milling wheat period reported about 219.
25 euros/ton, an increase of 12.
5 euros from a week ago.
The spot price of Argentine wheat is 273 US dollars/ton, up 14 US dollars from a week ago, FOB price.
The Zhengzhou Commodity Exchange's wheat futures for delivery in September 2021 closed at about 2,759 yuan/ton, down 3 yuan from a week ago.
25 cents from a week ago to close at 712.
25 cents per cat.
The July hard red winter wheat futures on the Kansas City Futures Exchange (KCBT) closed at approximately 680.
50 cents/bus, up 64.
25 cents from a week ago.
The July hard red spring wheat futures on the Minneapolis Grain Exchange (MGEX) closed at about 725.
50 cents per bust, up 54.
25 cents from a week ago.
Euronext's September 2021 milling wheat period reported about 219.
25 euros/ton, an increase of 12.
5 euros from a week ago.
The spot price of Argentine wheat is 273 US dollars/ton, up 14 US dollars from a week ago, FOB price.
The Zhengzhou Commodity Exchange's wheat futures for delivery in September 2021 closed at about 2,759 yuan/ton, down 3 yuan from a week ago.
On Friday, the US dollar index closed at 90.
83 points, down 0.
8% from a week ago.
83 points, down 0.
8% from a week ago.
Russia's wheat production is expected to be lowered
Rainy weather in Russia may lead to a decline in wheat production.
This week IKAR, a consulting agency, lowered Russia’s wheat production in 2021 to 79.
5 million tons, 1.
5 million tons lower than the previous forecast of 81 million tons, because after winter, farmers in central Russia may need to resee more than 700,000 hectares of wheat.
This is equivalent to 18% of the total sown area in the region.
The sowing situation of farmland in some other areas is not ideal.
This week IKAR, a consulting agency, lowered Russia’s wheat production in 2021 to 79.
5 million tons, 1.
5 million tons lower than the previous forecast of 81 million tons, because after winter, farmers in central Russia may need to resee more than 700,000 hectares of wheat.
This is equivalent to 18% of the total sown area in the region.
The sowing situation of farmland in some other areas is not ideal.
Analysis agency SovEcon said that some farmers in central Russia reported that the proportion of winter wheat in bad condition after winter is high.
A considerable part of the wheat fields in this area may be replanted with spring wheat.
About two weeks ago, SovEcon predicted that Russia’s wheat production this year was 81 million tons, higher than the 78 million tons previously predicted.
A considerable part of the wheat fields in this area may be replanted with spring wheat.
About two weeks ago, SovEcon predicted that Russia’s wheat production this year was 81 million tons, higher than the 78 million tons previously predicted.
In the Black Sea region, wheat export prices rose for the week ending April 16, among which the quotation of Ukrainian premium milling soft wheat rose to US$237-241 per ton, FOB prices at Black Sea ports.
The price of feed wheat also rose by US$4 to US$232-237 per ton, FOB prices in Black Sea ports.
The price offered at the Black Sea port of Russian wheat with a protein content of 12.
5% was US$248 per ton.
It was supplied in April and the FOB price was US$1 higher than a week ago.
The price of feed wheat also rose by US$4 to US$232-237 per ton, FOB prices in Black Sea ports.
The price offered at the Black Sea port of Russian wheat with a protein content of 12.
5% was US$248 per ton.
It was supplied in April and the FOB price was US$1 higher than a week ago.
U.
S.
winter wheat crops remain stable
S.
winter wheat crops remain stable
The US Department of Agriculture's weekly national crop progress report on Monday showed that the winter wheat crop status remained stable.
As of April 18, the excellent and good rate of winter wheat in the United States was 53%, the same as a week ago, but lower than 57% in the same period last year.
The US spring wheat planting progress is 19%, 11% a week ago, 7% in the same period last year, and a five-year average of 12%.
A cold wave has recently appeared in winter wheat producing areas in the United States, threatening the growth of wheat crops that have just turned green.
The continuous drought in spring wheat producing areas has affected spring wheat planting and initial growth, which supports wheat prices.
As of April 18, the excellent and good rate of winter wheat in the United States was 53%, the same as a week ago, but lower than 57% in the same period last year.
The US spring wheat planting progress is 19%, 11% a week ago, 7% in the same period last year, and a five-year average of 12%.
A cold wave has recently appeared in winter wheat producing areas in the United States, threatening the growth of wheat crops that have just turned green.
The continuous drought in spring wheat producing areas has affected spring wheat planting and initial growth, which supports wheat prices.
China may buy French new wheat
This week, Chinese buyers ordered at least 500,000 tons of French new season wheat, which will be shipped from July to September.
There are also traders claiming that China's procurement volume is as high as 1 million tons.
This is China's first purchase of wheat harvested in France in 2021, indicating that China will buy a large amount of wheat from France for the third consecutive year.
Trade relations between China and major wheat exporting countries such as the United States, Australia and Canada, coupled with the shortage of domestic corn supply, have promoted the growth of grain import demand, which benefited French wheat exports to China.
So far in 2020/21, France has exported about 1.
6 million tons of wheat to China, the same as the previous year.
There are also traders claiming that China's procurement volume is as high as 1 million tons.
This is China's first purchase of wheat harvested in France in 2021, indicating that China will buy a large amount of wheat from France for the third consecutive year.
Trade relations between China and major wheat exporting countries such as the United States, Australia and Canada, coupled with the shortage of domestic corn supply, have promoted the growth of grain import demand, which benefited French wheat exports to China.
So far in 2020/21, France has exported about 1.
6 million tons of wheat to China, the same as the previous year.
The Chinese government issued guidelines this week recommending reducing the use of corn and soybean meal in pig and poultry feed, a measure that could reshape China’s grain imports.
The price of corn in China has soared by more than one-third in the past year, so China has been using cheaper feeds to replace corn, especially wheat.
In its April supply and demand report, the U.
S.
Department of Agriculture predicts that China’s wheat feed consumption will increase to 40 million tons, up from 19 million tons in the previous year.
The price of corn in China has soared by more than one-third in the past year, so China has been using cheaper feeds to replace corn, especially wheat.
In its April supply and demand report, the U.
S.
Department of Agriculture predicts that China’s wheat feed consumption will increase to 40 million tons, up from 19 million tons in the previous year.
