24.
01.24
09:44

Carrier trading at CBoT wheat

On the second trading day this week, wheat contracts on Euronext/Matif rose slightly again. The March contract recorded a gain of 0.75 euros/ton to 217.50 euros/ton. In the EU, wheat stocks are expected to decline in the coming season. According to the experts, the poor sowing conditions in particular meant that significantly fewer areas could be cultivated with winter grain than planned. Meanwhile, wheat exports for the current season so far amount to 17.36 million tonnes. This corresponds to a decrease of almost 8% compared to the previous year's result. However, imports also increased by almost 8%. Trading on the Chicago stock exchange was impulsive on Tuesday. The front month stood still, the back dates recorded marginal gains. Little new news caused sluggish trading. Although analysts are immediately expecting that the mild weather forecast in the US Plains could create selling pressure. Mild temperatures are forecast, so no losses in yield due to the weather are currently expected.

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