For Euronext wheat, yesterday's trading day ended in the profit zone. The front month of March increased 1.25 euros / ton to 276.75 euros / ton. The green signs also prevailed on the US stock exchanges. The March date in Chicago recorded a price increase of $ 8.25 US cents / bushel and costs the equivalent of 249.21 euros / ton. Yesterday, many traders and investors increasingly reduced their short positions with a view to the upcoming WASDE report. At the same time, the grain remains a sought-after agricultural good on the world market. Both Turkey and Algeria have published new tenders with a total volume of 385,000 tons. In addition to the report from the USDA, the report on the acreage is expected today. Analysts expect wheat cultivation to expand to 13.9 million hectares. The average over the past few years was 12.65 million hectares.
