22.
08.18
05:28

CBoT wheat courses are stabilizing again

Following the sharp fall in price on the last two trading days, the CBoT wheat future has rallied this morning, gaining 0.76%. Yesterday, the futures price fell to a 4-week low.
Last week, the ghost of Russian export restrictions was still on the wheat market, but that should not happen now, traders in the Far East want to know. Therefore, the courses lost in the last two days again and gave the profit from the rally on Friday again.
Yesterday, Russia's agriculture minister raised his crop estimate to 100-105 million tons, or 100 million tons, earlier in order to refute the assumption that Russia's grain harvest will be worse than expected.
Graphic: Saxo-Trader

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