Cereals news, 29.05.2020

Wheat prices on the Matif rose yesterday. After the MAR report had already forecast lower growth opportunities due to the weather conditions, the EU Commission had revised its forecast significantly downwards. Instead of the previously estimated 125.8 million tons, only 121.5 tons are to be harvested. The analyzes also see fewer exports for the coming season. Instead of 28 million tons, 26.5...

Expert Opinion: 

Not only farmers look up to the sky, traders on the stock exchanges also watch the weather very closely. In most growing areas, whether in Europe, on the Black Sea or in the Great Plains. Little rain and warm weather make it difficult for the stocks. Less wheat is expected for Europe, but this...