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AMIS Market Monitor

last release: December 2018

International Prices

Wheat

Global wheat export prices posted net declines during November, weighed by ample nearby supplies, strong competition for exports and weakness in outside markets, especially crude oil. There was some support from concerns about prospects for southern hemisphere crops, as recent unfavourable weather in Argentina added to expectations for a below-average sized harvest in Australia. Adverse dryness and cold for 2019/20 crops in parts of Europe and the CIS also provided some price underpinning, as well as seeding delays in the US.