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AMIS Market Monitor

last release: July 2017

International Prices

Rising worries about unfavourable weather for crops gave global wheat markets a firmer tone during June. In North America, the outlook for premium grade milling wheats was seen as potentially tight. Early results from the US winter wheat harvest confirmed disappointing yields and quality, while conditions remained unfavourably dry for US and Canadian spring wheat, with crop ratings in the US at record lows at the end of June. Uncertainty about production prospects elsewhere added to bullish price sentiment, with less than ideal conditions reported in parts of the EU, the Black Sea region, Australia and China. Since the last report, the IGC GOI wheat sub-Index climbed by 8 percent, with average export quotations 5 percent higher y/y.