The CBoT wheat futures prices rose more than 2% this morning to an eight-day high. The global supply situation may not be as abundant as reported in the last USDA report, because Australia is now announcing that the harvest there is the smallest since 2008.
There, severe drought had parched the harvest on the east coast.
The exchange rate of the US dollar against the euro fell to a three-year low. For one euro, there is currently $ 1.08. Because Europe's largest economy is weakening in Germany. This improves the export prospects for wheat from the euro area. 
Source
HANSA Terminhandel
