Wheat breaks seasonal rules: exports at a minimum, and prices on pause

In November, wheat exports from Ukraine amounted to only 1.706 million tons, and this pace is considered low. Seasonal factors continue to dominate, but the dynamics of wheat prices differ somewhat from the usual. This is reported by the analytical department of the agricultural cooperative PUSK, created within the framework of the VAS. "The current phase of the season is traditionally characterized by a minimum of news, because all key parameters of the harvest have long been known, and information about the state of the new crop appears only after February. That is, there are few informational reasons for prices to change," analysts note. The sowing season could have been a new driver of prices, but its impact was nullified by favorable weather conditions. "The condition of the winter crops is assessed as good, there is enough moisture, and forecasts promise additional precipitation. The plants will enter wintering in a normal state. No problems are being recorded so far. That ...