Winter wheat stocks are problematic in the north, more promising in the south

Yesterday too, wheat trended south for the front month - albeit only slightly. In Paris there was a loss of 0.25 euros/t and a closing price of 200.75 euros/t on the display board. The two following contracts increased slightly. The EU Commission's export reports continue to show technical problems. Not all import and export reports have been received correctly from all countries. According to the available figures, 22.7 million tons of common wheat had been exported to countries outside the EU by March 23rd, which is around 300,000 tons less than at the same time last year, which shows that wheat exports have recently increased significantly. Countries in Africa remain the main buyers of European wheat supplies. In this country, market participants continue to concern themselves with the question of the quality of the growth phase to date. In northern Germany, the soil is often still very wet and there are often no further processing options here. The same applies to the north of France, for example. In the southern half of Germany, however, the prospects and conditions are more promising. At the CBoT yesterday, the focus was primarily on last week's export bookings, which will be published today. Analysts expect quantities between 100,000 and 300,000 tons. US export business remains subdued. Today's quarterly inventory report is eagerly awaited. The renewed acreage estimate also arouses the interest of market participants. It is expected that inventories will be higher than last year, but that the acreage for the coming harvest will be lower than last year. Pre-market trend on the eCBoT today: slight price gains

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