Stock market

Wheat prices on the СВОТ exchange rose on August 9th

According to the results of trading on August 9, the wheat prices an der СВОТ-Börse etwas gestärkt – auf 286,5 Dollar (+1,5 Dollar) pro Tonne. Die Preise wurden durch die Verlangsamung der Winterweizenernte sowie die geringe Ernte von Sommerweizen in den USA unterstützt.

Insbesondere, wie die Ergebnisse der USDA-Crop–Tour am 7. August zeigen, wurde das winter cereals in the country was harvested on 86% of the planned areas (+4% per week), while in the same period last year it was at 94%. Harvesting of spring wheat was carried out by 9% of the planned area by the reporting date, which is significantly lower than last year (35%) and on average for 5 years (19%) lies. Experts also noted a deterioration in spring wheat sowings – on August 7, 64% of them were in good and excellent condition (-6% per week).

At the same time, pressure on prices was exerted by the gradual increase in shipments of agro-products from ports of Ukraine.

Under the influence of this factor, wheat futures on the Euronext exchange fell slightly on August 8 – to €341 (-1,5)/ton.

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