Grains - Grain Products

Wheat: Black Sea market declines significantly

January 30, 2020 9:49 AM, Der AUDITOR
Play report as audio

FRANKFURT. The wheat market declined worldwide. Due to the spread of the coronavirus in China and other Asian countries, the trade fears low export orders to these countries. Especially the price decline on the Black Sea caused a sensation, rain forecasts with better yield expectations put the market under pressure. France is risking its competitiveness in North Africa by continuing strikes. The price trend in France and Germany has been rather weak recently.

In Chicago, wheat was quoted at USD 5.58 per bushel in the morning, which is 7 cents lower than yesterday. In Paris, wheat declined by EUR 1.50 to EUR 192.50 per metric tonne. On the Black Sea, the February date plummeted by USD 3.75 to USD 226.00 per metric tonne. From a US perspective, developments in Western Europe and the Black Sea Region remained the price drivers. A strong influence is exerted by the announced rainfall at the Black Sea, which should improve the partly weak growth level due to drought in Ukraine, where there is currently a lack of about 80 mm/sqm of precipita

View related articles

Go to the News Overview
Grains
Dec 6, 2021
BEIJING. In China, demand for millet is currently so low that many processors have temporarily stopped producing. This is also causing prices to decline.
Grains
Dec 2, 2021
BEIJING. With the arrival of the Eastern European crops on the market, Chinese market players expect increased price pressure. Prices have already fallen slightly compared to last week.
Grains
Nov 23, 2021
BEIJING/MOSCOW. Russia, Ukraine and Kazakhstan were able to increase their buckwheat production this year. Germany's imports, however, declined noticeably in the first month of this season. In China, prices remained stable.
Grains
Nov 22, 2021
BEIJING/KIEV. According to the latest data from the US Department of Agriculture, global millet production has been lower than expected. In China, market players have been able to agree on a price level.