Wheat prices are under pressure from improved weather conditions for the new crop
CBOT wheat slipped over April 18–24 under pressure from improving crop prospects.
Over the week, SRW wheat has dropped by 19.4 cents to 529.2 cents per bushel.
Key driver: rains across US Southern Plains + better outlooks for russian winter wheat. More rain is on the radar, keeping buyers defensive.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea & Danube Grain Market” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
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