After the strong gains of the day, the futures on Euronext had to go into reverse again. The most traded May recorded 26.50 euros/ton to 370.00 euros/ton. Volatile trade also continued on the other side of the Pacific. The back contracts had to record massive losses. The market reacted to the price gains of the past few days with the countermovement. The Russian war of aggression in Ukraine remains in focus. According to rumors, the Russian President is said to have limited imports and exports by decree, including wheat, it said. Export licenses were also introduced in Ukraine on Sunday. The importing countries are currently well supplied with grain, so that the supply is stable at the moment.
Source
VR Agrarberatung
