07.
06.22
09:41

France's wheat in bad shape

Wheat futures closed yesterday with solid double-digit gains. September increased from EUR 15.00/tonne to EUR 397.50/tonne. In France, the state of wheat stocks has continued to deteriorate, reports FranceAgriMer. after it had been too dry for a long time, severe storms in the past few days have caused considerable damage to the parcels of land. The bulls also took the lead on the CBoT. The most traded July traded with a profit of 34.75 euros/ton and thus costs the equivalent of 376.83 euros/ton. Above all, the recent escalation of the conflict in Ukraine. In the US, the USDA confirmed that 352,779 tons of wheat had been inspected. The previous year's level could not be reached despite a small increase compared to the previous week.

Source
VR Agrarberatung
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