American millers are buying wheat from Poland due to high prices in the US
European traders reported that US companies have been purchasing Polish milling wheat in recent weeks, seeking cheaper raw materials due to high prices for US wheat, Reuters reports.
Estimates of the volumes purchased varied. A Polish trader reported that four shipments of 30,000 tonnes of Polish milling wheat were sold to mills on the US East Coast. An unnamed German trader stated that between two and four shipments were sold.
The deals reportedly included the new wheat crop. Expected shipping dates are from September to December 2026.
A German trader stated that “US millers appear to be seeking cheaper alternatives to expensive US wheat. American millers regularly purchased wheat from Poland when US prices were considered too high.”
The price of US soft red winter wheat (SRW) for May delivery currently ranges from $250 to $253 per ton FOB US Gulf of Mexico, depending on fluctuations in wheat futures prices. This is significantly higher than the price of wheat in the Baltic Sea region, which ranges from $238 to $240 per ton FOB.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Geopolitics reshapes grain trade routes: New challenges for millers in the Middle ...
Argentine Grain Exchange raises soybean supply forecast by 100 thsd tons
Soybean oil imports plunge in Bangladesh amid pricing disputes
India’s wheat output may fall by up to 10% due to adverse weather
Palm oil futures closed lower on Thursday
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon