Price: €11.00
Member Price: €0.00

Cereals daily: weather conditions spell disaster

November 25, 2020 at 10:31 AM , Der AUDITOR
Play report as audio

CHICAGO/PARIS. Drought like conditions in parts of the US and a heat wave in South America are driving up prices. Russia may introduce an export tax. Germany's Christmas trade has started much earlier.

US wheat production may fall short of expectations

Concerns over a smaller US crop have driven up futures in Chicago. The Crop Progress Report, states that US wheat stocks range 3 percentage points lower than last week and 9 percentage points lower than last year. Issue are drought like conditions in Texas, Colorado and Kansas. At 358,077 mt, weekly wheat exports range 7% higher than last week. FranceAgriMer has raised the wheat export target by 150,000 mt to 6.85 million mt. Stocks are, however, expected to decline by 500,000 mt to 2.5 million mt. Russia's statisti

View related articles

Go to the News Overview
Grains
Jul 2, 2025
KYIV/DALIAN. Millet cultivation in Ukraine is declining this year. The crop in China is expected to be sufficient to meet demand on the Chinese market.
Grains
Jul 2, 2025
KYIV/DALIAN. EU countries have increased their buckwheat imports by 22% this season. A smaller crop is expected in Ukraine in 2025.
Grains
Jun 12, 2025
LIMA/SUCRE. Contrary to expectations, the result of the Peruvian crop was sobering. This is also driving up prices in Bolivia. On the Indian market, however, prices have fallen in recent weeks.
Grains
Jun 3, 2025
BRUSSELS/DALIAN. EU imports have declined by a shocking 40%. Enthusiasm for millet is low in China.