On the European stock exchange Euronext on July 20, wheat prices continued to strengthen and amounted to 340 (+3) €/Tonne.
Support prices has been expected to remain high in European demand Wheat on the global market in 2022/23, especially in Africa, against the background of the lack of proposals Wheat in some countries.
In particular, wheat exports from the European Union could reach the second highest value in the history of the new season USDA–Analysts reach – 35,5 million Tonnen (+6 million tons per year).
In addition, support prices caused a lack of snowfall in the countries of the bloc, which had a negative impact on the condition of the crops Grains.
According to the results of trading on July 20 on the stock exchange SWOT futures of wheat also increased – to $301,1 (+$2,7) per ton.