After long covers, the CBoT wheat is stable at hourly rates

Investors are breaking away from their long positions in the CBoT wheat future. Yesterday brought the prices to a 1-month low. At the moment, the future is quoted at the level of the previous day's closing price.
In the past week in Russia, the export prices of wheat fell in line with the stock market listing in Chicago and Paris. Ukraine is trying to dispel rumors that it is planning to limit wheat exports to 6 million tonnes. After discussions with the Ukrainian trade exports should not be 6 but 8 million tons.
The week before it was said that unfavorable weather had reduced summer and winter wheat in quantity and quality. Only 45% of wheat is quality wheat.
Graphic: Saxo-Trader

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