The scoreboards lit up uniformly green on Friday. For the May date on Euronext/Matif there was an increase of 1.50 euros/ton to 193.50 euros/ton. In many parts of Europe it has been significantly too wet in the last few weeks and months. Although the soil layers are well supplied with water again in many places, it remains to be seen how severe the damage to the grain fields that were under water really is. For the most part, meteorologists expect a dry March. Contracts also recovered on the other side of the Pacific. Investors and speculators in particular were active on Friday and expanded their short positions again. The WASDE report released Friday showed analysts expect U.S. wheat exports to fall to 19.3 million tons. At the same time, the estimate for the final stocks also increases. Experts worldwide expect end-of-season stocks to amount to 258.8 million tonnes.
