Harvesting is completed in Kazakhstan. The amount of wheat is more than expected to be, there are too much wheat that the government initiated a schedule of exporting process for two years because in one year Kazakhstan can`t export that amount of wheat. Ministry of Agriculture estimated to gain $4.5 billion from exporting 22-24 million tonnes of wheat.

Russia gained 90 million tonnes of wheat and it is willing to export 25-30% of 90 million tonnes. Russia also added that if selling will be successful they can increase export till 35%.

Ministry of Agriculture of Ukraine released a report where was written the following, Ukraine is going to increase the export of wheat and corn from 22 million tonnes to 27 million tonnes.

The price for wheat in EU is falling down due to tremendous export of Black Sea Region.

Export of wheat from the USA will be reduced due to cheap but high quality production of wheat in Black Sea Region. So, supply of wheat in the US will rise but demand will stay at the same stage. Because of wide range of wheat is available in world market the price for this commodity will go down causing the price for wheat in the US go down.

Last but not least, Chinese demand is bigger than it is estimated to be and the demand is growing constantly through middle Asia, Egypt and and in the Middle East.

Taking into account all above mentioned the price for wheat should fall down.