Wheat prices in Ukraine have not changed for three weeks in a row

The wheat market is in a lethargic sleep – prices have not changed for three weeks in a row. This was reported by analysts at Spike Brokers. “After the summer rally caused by the delay in the harvest, when prices for food wheat reached $235, and feed wheat was traded at $230, quotes have decreased by $15-20 and have remained stable for two months in a row,” the brokers specified. Since July, the volume of wheat exports has been 6.2 million tons against 7.7 million tons for the same period last year. The market is gradually accumulating the effect of the lag of export shipments against the background of increasing domestic supply. Thus, the spot price index for food wheat (11.5% protein) with delivery within 30 days remained unchanged compared to last week – $221/ton. The feed wheat index also remained unchanged – $208/ton. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the ...