Cereals news, 06/26/2020

On the last two trading days, the signs on Euronext / Matif were able to shine green again, but the price for wheat continues to weaken over the week. On Wednesday the front month reached a 3-month low. Weather reports from Ukraine that it will remain very hot and dry there again gave support from Thursday. The authorities there expect significant damage to the plants due to dry weather. The...

Expert Opinion: 

The weather still plays a major role in the grain markets. The weekend will show whether and where the precipitation falls and how productive it is. There is little selling pressure on the spot markets and the drought in Ukraine could play a price role for local producers.