AMIS > Market monitor > Wheat

Download latest report

AMIS Market Monitor

last release: July 2019

International Prices

Wheat

Uncertainty about production outlooks in a number of countries contributed to a solid overall gain in world wheat export prices during June. Much of the focus continued to be on overly wet weather for crops in the US, but there was also support from worries about soil moisture levels in Canada and Australia, as well as heat and dryness in the EU and the Black Sea region. While gains were trimmed in the second part of the month amid improving weather in some areas and growing expectations for a record global crop, the IGC GOI wheat sub-Index still rose by nearly 5 percent m/m. Export supplies in the Black Sea region stayed very competitively priced for the first part of the 2019/20 (Jul/Jun) trade year, with Egypt’s GASC filling its first two new crop tenders with wheat from the Russian Federation and the EU (Romania).