For three trading days, the CBoT wheat courses are sinking and reach their weekly low this morning. The USDA yesterday outperformed the winter wheat field crops in the Plains better than before.
Traders in Far East Asia are analyzing this morning that the weather models for US growing regions are encouraging all market players to sell. It should give in the Hard Red Winter areas a little more rain.
After yesterday's trading day in Chicago, the USDA ranked 34% of wheat stocks in the top category "good-to-excellent" in its weekly state of development report. Last week it was 33%.
The wheat harvests in Russia and Ukraine should be very big again.
Text: HANSA Derivatives Trading GmbH / / Graphic: Saxo-Trader 
