Ukrainian wheat prices slowed their decline
The Black Sea wheat price decline slowed amid increased foreign demand for old-crop wheat. Another bullish factor was price growth on world exchanges due to the USDA report.
UkrAgroConsult expects a stable trend with a possible decrease because Ukrainian wheat continues losing competition to its Russian and Romanian counterparts. In addition, stocks in the region remain high for this time of season.
Precipitation shortages in the U.S. may somewhat limit the fall of Black Sea FOB prices.
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