Grains - Grain Products

Cereals daily: prices are likely to fall

August 4, 2020 at 10:10 AM, Der AUDITOR
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CHICAGO/PARIS. Market and price trends with first estimates.

Wheat: downward trend expected
The wheat markets declined. The news that Russia's wheat crop could reach almost 80 million metric tonnes brought the market down. Analyst Ikar had raised his wheat forecast by 1.5 to 79.5 million metric tonnes. 75% of the Ukrainian wheat was harvested, and trade expected an amount of 26 million metric tonnes, which means that the crop is on average. This shows that the only crop that is actually lower is the EU's 116.6 million metric tonnes of common wheat, a good 11% below last year. There are plenty

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