CBoT wheat before his biggest Wochenplus for 3 months

The CBoT wheat future is on its way to its biggest Wochenplus for three months. Drought in the major wheat producing regions of the United States and parts of Europe prompted institutional investors to resolve their short positions. Also the exchange rate eased yesterday the dollar heavily, which promotes wheat exports from the United States.
This week was in the wheat price in a front month so far to 4.6%.
Traders in the far East are forecasting further increases if the drought continues, they warn against excessive optimism, but also because the supply situation in the world is excellent.
Last year recorded the wheat prices therefore still on a 10-year low.
In the Ukraine, the current cold snap could lead to Auswinterungen when the winter crops, because there no snow cover protects the seeds. In other parts of Europe, it has become extremely cold yesterday. Temperatures fell to minus 15 to minus 20 ° C.

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