The CBoT wheat future will end today the third week in a row with a weekly plus, although the night market is weaker at the hour.
The reason for the increase that has been going on for weeks is the icy cold temperatures in the HRW growing regions of the USA. There will probably come to lower yields, because there are Auswinterungen.
The euro continues to trade very hard against the US dollar, favoring exports from the US. Crude oil has risen more than 10% since its December low as it rumbles in the OPEC. And the US stock index DOW-Industrials hands over the mark of 25,000 points for the first time. This is an indicator of the strong global economy.
Text: HANSA Derivatives Trading GmbH / / Graphic: Saxo-Trader