Wheat quotations resumed their decline globally

Wheat prices on global exchanges fell 2.7-3.8% yesterday, giving up early week gains, as demand for old-crop grain remains low and weather favors good harvests in major exporting countries. This is reported by analysts of the GrainTrade electronic grain exchange. Yesterday, July futures fell in price: by 2.7% to $222.8/t - for soft winter SRW wheat in Chicago, by 3.7% to $298.5/t – for hard winter HRW wheat in Kansas City, by 3.8% to $293.6/t – for HRS durum spring wheat in Minneapolis, by 1.2% to $257.5/t - for Black Sea wheat in Chicago, by 1.9% to €222.5/t or $238.9/t – September wheat futures on the Paris Euronext. Representatives of the Russian Federation as part of the SCC continue to block the operation of the grain corridor, and during May 19-21 they inspected only 9 ships, although more than 60 ships are waiting in line. Vessels will not be allowed to enter the Southern port starting from May 2. Therefore, there is no reason to talk about increased pressure on the world ...