25.
04.22
09:27

Euronext Wheat ends the weekend with gains

In Paris, wheat futures were able to recover from the losses and rose moderately. September posted the biggest price gain of EUR 10.25/tonne to EUR 366.75/tonne. Futures on the Chicago Stock Exchange also corrected again shortly before the weekend. Above all, the weak export news dampened the mood on Friday. Tomorrow evening the forecast for the acreage of cereals in Canada is expected. Analysts expect the area to expand to 21.15 million hectares, which would represent an increase of 3%. Meanwhile, a strong harvest is expected in Russia for the 22/23 season. The experts from Ikar expect a record value of 87.4 million tons. The export business should reach a volume of 41 million tons.

Source
VR Agrarberatung
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