This morning, CBoT wheat futures prices fall after rising three consecutive days. But there could still be a 3% weekly plus, as there was not enough rain in the US growing regions.
In the Hard-Red-Winter region you can expect the passage of a storm low today, which should bring rain until Sunday. However, some weather services already report that the precipitation amounts only modest. However, heavy rainfall is needed for the wheat yields in the previously dry regions.
Traders on the Derivatives Market will closely follow the weather reports.
Text: HANSA Derivatives Trading GmbH / / Graphic: Saxo-Trader 
