Ukrainian wheat market: interest switching to 2017-crop

20.04.2017

The market of old-crop wheat is drawing to an end of the season and importer demand keeps lowering. At the same time, Ukrainian large export-oriented companies still maintained wheat prices at a high level. However, prices of actual deals were already a few dollars below trader bids.

Last week the market of new-crop wheat was already picking up steam and market participants were systematically switching to operation with the future crop. A surge was reported in contracting of 2017-crop wheat that entailed some growth of forward prices for the new crop, reports UkrAgroConsult.

Noteworthy is that the global trends for the 2017/18 season prop up wheat prices, too. They include a reduction of wheat plantings in the USA and Canada and a consequently expected drop in the world’s production.

Check up prices and enjoy free online charts on our website. Daily updated commodity exchange prices (CBOT, ASX, BCE, MATIF, WCE, LIFFE) and cash market quotations for wheat, corn, barley, soybean, sunflower and other agricultural commodities in Ukraine, Black Sea region and world are available in section "Prices and Futures".

 

UkrAgroConsult

 

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