Wheat futures in Chicago ended the trading day virtually unchanged yesterday. The rise in the US dollar/euro exchange rate and the Iran conflict weighed on the market. Institutional investors left their net long positions in CBoT SRW wheat virtually unchanged. The electronic overnight exchange is currently trading slightly weaker.
Wheat futures on Euronext consolidated yesterday and ended the trading day mixed. On Thursday, prices rose to their highest level since June 28. They then fell due to the concerns of many market participants about the tensions between the United States and Iran. The market lost momentum due to the Christmas vacations in Russia and Ukraine. In France, traders are following the month-long strike over the pension reform, which poses a risk to transport logistics. The offers for standard wheat with 12% protein for delivery in January rose on the cash market in Hamburg yesterday from 4.50 euros to 5.00 euros above Paris March 20. On Friday at 18:00, the US Department of Agriculture will publish the monthly WASDE report and quarterly stocks.
Source
HANSA Terminhandel
