Global wheat supply affected by losses

CBoT wheat prices are retreating slightly this morning, after rising more than 3% yesterday. Grain production is affected by bad weather in several surplus regions of the world.
CBoT wheat prices are currently down 0.4%. Yesterday they rose 3%.
The IGC had estimated world wheat production at a 5-year low last week.
Russian wheat prices are rising significantly again last week, and in some parts of the country the harvest is not progressing.
The US dollar exchange rate eased yesterday against the yen.
The price of crude oil rose more than 2% yesterday as vendors seek to curb their supply and Iran's sanctions over Iran.
Text: HANSA Derivatives Trading GmbH / / Graphic: Saxo-Trader

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