On the world stock exchanges on July 14 the cheapening of wheat futures was noted

On the Euronext platform, wheat offers at the auction on June 14th fell significantly - to €341,75/Tonne compared to €352,5/ton at the previous auction - due to the publication of the USDAJuly report with global supply and demand forecasts Grains for 2022/23 and because of the negotiations on the development of ports in Ukraine.

In particular, note that USDA analysts in their report increase the forecast for wheat exports from the EU in the new season by 500 thousand Tonnen reduced to 35,5 million tonnes.

In addition, according to Dmitry Kuleba, negotiations for the unblocking of Ukrainian ports are in the final stage, which will also lead to a reduction in prices for European ones Wheat contributed.

At the same time, the reduction in the wheat harvest in 2022/23 to 32,9 million tonnes (-7% per year) forecast by the French Ministry of Agriculture, due to deteriorating yields due to the drought, has given prices some support.

Note that the listings of Wheat according to the results of trading on the stock exchange on July 12 also fell - by $15,5 per ton to $294,5 per ton.

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