LONDON (Dow Jones)--European Union wheat futures are expected to continue to come under pressure from the combination of a weakening dollar, falling demand and rising stock levels, Francis Mordaunt, head of business research at U.K. farm consultancy Andersons, told Dow Jones Newswires Friday. "Although (2009) crop sizes are lower, the usage/demand outlook keeps deteriorating, while ending stocks keep being revised up - this is definitely having a depressing effect on futures prices," said Mordaunt. Over the past two months, Paris milling wheat futures May contract has seen around 9% shaved off its value, while London's May feed wheat futures' values have fallen by around 6%. E.U. wheat exports totaled 15.87 million metric tons as of Mar.17 and are likely to be minimal in the remainder of the 2008-09 marketing year (July-June), as the region struggles to compete with other countries, said Mordaunt. "Earlier in the season, our (U.K. wheat) was more competitive," said Mordaunt. "We got rid of a big exportable surplus...our prices have been held up by a weak pound." Demand for feed grains, including corn, wheat and barley, is particularly suffering in the global economic slowdown due to "slackening demand for meat and dairy products," said Mordaunt.
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
33000.00 | + 100 | 34000.00 | + 800 |
ПФО |
32500.00 | + 500 | 33000.00 | + 500 |
СКФО |
37000.00 | + 4000 | 38000.00 | + 4500 |
ЮФО |
36000.00 | + 3000 | 37000.00 | + 3500 |
СФО |
35000.00 | + 2000 | 37000.00 | + 3000 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
76000.00 | + 2000 | 85000.00 | + 10500 |
ЮФО |
76000.00 | + 3000 | 77500.00 | + 2500 |
ПФО |
76000.00 | + 2500 | 77500.00 | + 2500 |
СФО |
77000.00 | + 3000 | 78000.00 | + 2000 |
Обсуждение