CBoT wheat courses in the night market under pressure

The prices of the CBoT wheat futures are falling today in the night market by up to 1% because the supply from US agriculture has increased after the winter wheat harvest has been completed and meets weak national demand.
In addition, analysts had revised up their crop forecasts for the world's large surplus regions. Traders from Australia find this morning that the world's grain supply is very good, but expect the international demand for wheat to keep up.
The Brazilian wheat harvest could set a new record this year with 7 million tons. If the weather conditions remain as excellent as before.

Hansa Terminhandel GmbH
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