Stocks of wheat in the new season reached a record value

According to the may forecast USDA, world wheat production in 2019/20 MG will increase in comparison with the current season by 6% to 777,49 million tonnes, which will increase competition in the markets.

most of the wheat crop will grow in the following countries:

Russia and 5.3 million tons to 77 million tons,

Australia – 5.2 million tonnes to 22.5 million tonnes,

Ukraine – compared to 3.94 million tonnes to 29 million tonnes,

Canada – 2.7 million tonnes to 345 million tonnes.

in the EU by 17.3 million tons up to 153.8 million tons,

the Global consumption of wheat in the new season will increase by 2.9% to 759,46 million tons, in particular:

China – 3 million tons,

India – 2 million tonnes,

USA – 1.4 million tons,

the countries of South-East Africa by 1.28 million tons,

Ukraine – 1.1 mln t,

the Middle East is 1 million tons.

in the EU, at 4.9 million tons,

Australia will increase wheat exports to 3.5 mln t, the EU – 3 million tons, Ukraine – 2.5 million tons, while Russia and Kazakhstan will reduce it by 1 million tons.

the Increase of production will lead to growth of carry-over ending stocks of 6.6% to a record 293 million tons.

After the publication of the July report the futures in the U.S. fell:

3,95 $/t to 142,19 $/t for solid winter HRW wheat in Kansas city

0.09 $/t to 189,96 $/t on a firm spring HRS wheat in Minneapolis.

1.74 $/t to 156,07 $/ton, in winter SRW soft wheat in Chicago

European stocks on Friday fell behind the us.

September wheat futures MATIF decreased 1,25 €/t to 169 €/t or 189,81 $/t

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