10 Articles
10 Articles
Wheat futures fell to their lowest values since August. Large stocks and adaptation of importers mitigate the impact of threats to Black Sea exports.
Wheat prices rose with renewed strikes between Russia and Ukraine and growing fears of disruption of exports of the Black Sea, while crop prospects among other producers limited gains, amid a reduction in United States estimates of world wheat trade.
Attacks on commercial ships and operating restrictions on the Black Sea keep the export capacity of Ukraine and Russia limited, although international quotations show a moderate reaction.The lack of a sustained recovery in US exports and the possibility that Russia will quickly restore some of its shipments to a possible truce limit the potential bulldozer on the market.
Attacks on merchant ships threaten grain exports. Millions of tons of wheat are still waiting for transport.
World wheat prices continue to decline due to weak export demand, which has not intensified even amid restrictions on sea supplies from the Black Sea region. Over the past month, US wheat futures have lost 10— 13%, virtually nullifying the previous rise in quotes. According to USDA data, during October 8—15, export shipments of wheat from the United States decreased by 21.8% compared to the previous week — [...] The post Weak demand for US wheat…
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