CBoT wheat courses are giving way

The prices of the CBoT wheat futures are falling this morning by up to 1% as traders are taking profits after the sharp price increases of recent times. A 6-year high was traded yesterday. The losses are likely to be limited, however, since dry weather in some core growing regions of the world limit the potential yield.
Analysts say global wheat production will be smaller in the coming year.
Meteorological services predict a few rainfalls for both the Black Sea region and the US plains. Similar reports are now coming from Brazil and Argentina.

Hansa Terminhandel GmbH
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