On the Euronext/Matif, the wheat futures continued on their recovery course and recorded moderate gains. Quiet trading is reported on the local cash markets. Larger mills in particular seem to be looking for grain, but deals fail due to the different price expectations. Wheat contracts ended trading on the US stock exchanges with a deep green sign. The front month gained $27.50 US cents/bushel. Market observers see the reason for the strong growth in the increasing tensions between Russia and Ukraine. Export trade in particular could suffer massively from the political upheaval. Additional support came from the US weather front. Cold and frost could affect the stocks after the drought period.
