Total decline in wheat harvest in Ukraine, Russia and Europe will be about 20 million tons
The overall decline in wheat production in Ukraine, Russia and Europe in 2024 will be about 20 million tons, according to Spike Brokers.
Wheat prices increased by an average of $5/t. Buyers’ expectations for feed wheat are 180-183 $/t, for wheat with 10% protein – 185 $/t, and food wheat is trading at 190-199 $/t in the direction of seaports for delivery in July-August.
The latest indications of buyers:
DAP Ukraine (Odesa) 12.5pro ~194-196$/t,
DAP Ukraine (Odesa) 11.5pro ~190-195$/t,
DAP Ukraine (Odesa) fodder ~176-185$/t,
FCA Ukraine (border) 11pro ~165-170 €/t,
FCA Ukraine (border) fodder ~155-160 €/t.
As of July 4, Ukraine harvested more than 3 mln tonnes of grain.
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