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1. Wheat Marketsand Cash
Priceinformation at
CommodityBasis

2. Wheat is the second largest crop in the world in terms of volume.
The European Union is the largest producer of the grain with an output of
156 mmt in 2014/15, followed by China with an output of 126 mmt.
While wheat isn’t the largest crop in terms of production, it is the product
that is traded the most internationally with 151 mmt expected to be
exported in 2014/15.

3. The biggest exporters of wheat are the European Union, the United States,
Canada, and Russia with the largest importers of wheat being Egypt, Indonesia
and Algeria.
Egypt has set the goal to become less dependent on wheat imports in the near
future because high wheat prices can weigh heavily on the national budget.

4. Explanation Of Wheat Varieties And Prices
Wheat is a generic term referring to different varieties of the grain. varieties
are planted in fall, where they slightly germinate before winter sets in.
Plants will remain dormant over the winter but the early start allows them to
produce superior yields the following summer. Hard wheat prices are
generally higher than soft wheat prices due to their higher protein content.

5. The most common varieties of wheat are:
Hard red winter
Hard red spring
Soft red winter
Durum (hard)
Hard white
Soft white wheat

6. Wheat Prices In Europe
The European Union is the largest producer of wheat in the world with the
largest producers within the EU being France (aprox.. 40mmt) and
Germany (aprox. 25mmt).
As of now, Bordeaux and La
Pallice have the ability to handle
greater quantities. Wheat prices
FOB France are important for
traders in Europe, as well as
wheat prices FOB Baltic and feed
wheat prices FOB UK.

7. Wheat Prices In Asia
China produces about 18% of worldwide wheat, or 122 mmt in the 2013/2014 year.
Wheat is one of the main staples and is about 40% of the total grain consumption
in the country. 60% of all Chinese consume a wheat product daily.
The largest part of the wheat is produced in the eastern part of the country in the
provinces of Henan and Shandong.
India plants almost exclusively
winter wheat with the wheat
growing areas located in the
northern regions of the country.
The state of Uttar Pradesh
produces 35% of all wheat in
India and Punjab produces 22%.

8. A Note On Wheat Prices In The Black Sea
Russia is in the top 5 of biggest Wheat producers in the world. Wheat in
Russia is produced in an area stretching all the way from Kazakhstan to the
Black Sea. The country is the third largest exporter of the product in the world.
Another important producer of
wheat is Ukraine. The country
produces around 25 mmt per
year and exports a little less
than half of that, mainly through
ports in the Black Sea. As in
Russia, Ukraine is feeling the
pressure from their falling
currency.

9. A Note On Wheat Prices In Australia
The high demand and export wheat prices in Australia are reliant on Asia. Most
exports from Australia go to China and Indonesia because Australia has a
significant competitive shipping advantage in comparison to other exporting
countries such as Canada and the US.
Shipping product from the Australian west coast to Indonesia takes a little over 6
days compared to 22 days for the closest competing nation, Ukraine.

10. Wheat Prices In North America
The United States is the third largest
producer of Wheat in the world after China
and India. The country mainly produces
soft red spring wheat and hard red winter
wheat.
The United States is one of the biggest
exporters of the grain mainly from the Gulf
area and the Pacific North West, while the
biggest importers of the product are Japan
and Mexico.

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