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AMIS Market Monitor

last release: June 2018

International Prices

Movements in world wheat export prices were mainly linked to prospects for 2018/19 crops, with uncertainty about the impact of less than ideal weather in some of the major exporters providing sustained underpinning. Gains in the early part of the month were eroded as the weather turned more favourable in a number of countries. However, crop worries persisted and markets continued to react to changeable weather conditions as the month progressed. As concerns mounted about prolonged dryness for crops in North America, Australia and the Black Sea region, values posted relatively strong gains in the latter part of May, propelling the IGC GOI wheat sub-Index to its highest in around 10 months.