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AMIS Market Monitor

last release: April 2018

International Prices

World wheat export prices initially posted solid gains, mainly tied to prolonged dryness for 2018/19 crops in the US, with support too, from a spell of very cold weather in Europe and the CIS. Logistical constraints underpinned in some areas, including in the Black Sea region and the US. There was additional support from cold and wet weather that was reported to be hindering spring fieldwork in parts of the EU and CIS, while dryness was seen as a potential threat ahead of planting in Argentina and Australia. Price advances were partially eroded in late March on favourable crop rains in the US and heavy old crop world supplies. Overall, the IGC GOI wheat sub-Index rallied by 2.7 percent m/m.