07.
11.18
13:10

After midterm elections, the exchange rate of the US dollar falls

The result of the midterm elections in the US, which restricts US President Donald Trump's power, is depressing the exchange rate of the US dollar and causing wheat prices on the CBoT to rise.
However, the price increase is limited as investors wait for the USDA report to be released tomorrow at 18:00 German time. The world is still well supplied with wheat.
Yesterday, wheat prices rose to Chicago because the state of winter wheat stocks in the US only 53% of the top rating "good-to-excellent" received. The weather to order the US winterseeds should soon be winter, so the farmers have to hurry now.
The fact that the Russian government is taking back its grain export estimate improves export prospects for the US and Europe.

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