The CBoT wheat futures are trading with slight premiums this morning, but are about to make their fourth consecutive weekly loss. Yesterday, too, it went downhill as precipitation in the US Plains improves the conditions for winter wheat stocks. In the last 4 weeks the SRW wheat futures lost 11% in value. Institutional investors yesterday sold 2,500 lots of CBoT SRW wheat. Market participants eagerly await the release of the USDA report today at 18:00.
/ Graphic: Saxo Trader (2 hour chart)
