Wheat

The current wheat market is fractionally to 1 3/4 cents higher in SRW contracts through Thursday's midday. In the KC HRW market, midday quotes have futures ...

[Alan Brugler](https://www.barchart.com/news/authors/6/alan-brugler)did not have (either directly or indirectly) positions in any of the securities mentioned in this article. New crop wheat sales are expected to be under 75k MT for the week. In the KC HRW market, midday quotes have futures fractionally to 1 1/4 cents higher. The current wheat market is fractionally to 1 3/4 cents higher in SRW contracts through Thursday’s midday. Their 2022 full year wheat imports were a record 9.96 MMT. That was a 300k MT increase from their prior outlook.

USDA came out with its supply and demand report on Jan. 12, but that report didn't seem to have much impact on the spring wheat market as prices stayed in.

Following a bumper 2022 harvest, on top of relatively subdued demand, the UK is expected to have a substantial exportable surplus of wheat this season.

While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. This takes UK wheat exports in the season to date (Jul-Nov) up to 432.2Kt. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. With trade data now available for the season up to November, are UK wheat exports progressing at a pace fast enough to avoid large ending stocks? Simply fill in your contact details on our online form and select the information you wish to receive. While this is the largest amount exported for this point in the season since 2019/20, it remains relatively low when compared with other seasons that had a c.2Mt exportable surplus. Whether this will happen or not is yet to be known. Pressure was also felt from downward movements in soyabean markets on the back of improved weather in Argentina. European rapeseed markets fell following a proposal from the German environment minister to retract the usage of crop-based biofuel in the country. Meanwhile, US wheat markets followed maize markets lower on profit-taking and rains in Argentina easing dryness concerns.

With prices falling back at the start of 2023, Cedric Porter takes a look at the prospects for the grain markets. Twitter Facebook ...

A six per cent weakening of the pound against the euro and 11 per cent weakening against the US dollar over the last year has also made British wheat more attractive. There are relatively plentiful stocks of wheat in both the UK and the world. It is only location of those stocks and uncertainty that is holding up prices” It will influence the Brazilian corn and soya crop that is Russia’s 2022 wheat crop is estimated by some at a record of more than 100 million tonnes and the country had major orders from Turkey and Egypt earlier this month. However, it is still more expensive than Black sea wheat.”

TOKYO -- What looks to be a record-breaking year for wheat production in Australia has brought down international prices driven up by poor weather and.

Concerns that heavy rainfall during the harvest season might affect quality did not change the USDA's forecast. The U.S. Department of Agriculture expects Australia to produce 36.6 million tonnes of wheat in its 2022-23 marketing year, an all-time high.