Bearish price trends persisted on the Ukrainian milling wheat market last week.
Average export prices for 12.5%- protein milling wheat closed the week down by another $1-2/MT FOB for September-October delivery. Prices for wheat with 11.5% protein content remained within the last week’s range for September-October delivery. Export prices for feed wheat closed the week down by $1/MT for September-October delivery.
Export prices for Ukrainian milling wheat have lost roughly $13-15/MT over the month. Nevertheless, export prices for milling wheat are still higher than in 2016, on average by $6/MT for 11.5%-protein wheat and by $9/MT for 12.5%-protein wheat. (UkrAgroConsult/Business World Magazine)
