Bearish mood on the wheat markets

The wheat contracts on Euronext/Mati were only just able to escape the bears and recorded slight gains at the end of trading. The front month of March recorded the highest daily increase of 2.00 euros/ton to 216.50 euros/ton. On the Chicago stock exchange, the signs were largely red. However, the front month was able to escape the bearish mood and increased marginally. In particular, the latest news about the export deals prevented major losses on yesterday's trading day. So Algeria stocked up on 900,000 tons of wheat. Jordan was also active on the market and ordered 120,000 tons, as did Tunisia. Egypt has also published a tender. According to the latest import figures, Egypt is one of the largest global importers with wheat imports totaling 10.88 million tonnes.

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