The US: Weekly export sales of wheat fell sharply

The US: Export sales of wheat for the week 30.06 – 06.07.2017 continue to fall

Buyers around the world still can not get used to rapidly rising wheat prices.

Expectations were between 300,000 and 500,000 tonnes. The actual figure is 357,700 tonnes.

Sales of spring wheat, whose crop is expected to be at many years low declined while the price quotes rose sharply.

The sale of wheat, new crop, lags behind those of the previous year by 0.4%.

In the week, the major buyers were Japan 111,700 tonnes, the Philippines 59,100 tonnes, Malaysia 56,000 tonnes, Mexico 31,100 tonnes and Venezuela 30,000 tonnes. Previously signed purchase contracts were refused by Salvador 4,000 tonnes, an unknown buyer 40,000 tonnes and Honduras 2,900 tonnes.

The major recipients of wheat were Egypt 115,100 tonnes, Mexico 106,000 tonnes, Algeria 85,100 tonnes, Peru 41,800 tonnes, and Nigeria 38,800 tonnes.