Technical purchases, short coverings from fund companies (short coverings) and the slight easing on the financial markets caused wheat prices on Friday in Chicago to close somewhat earlier on the forward dates. Institutional investors left their holdings on
Net long positions in SRW wheat almost unchanged. today
Tomorrow, the eCBoT will trade losses. Wheat futures on Euronext in Paris ended the last trading day of the week inconsistently. In the course of trading, the front month of May rose to a weekly high of EUR 180.50. The weaker exchange rate of the euro caused a recovery from the six-month low (174.25), which was traded the previous day. The profits could
however, cannot be held because financial markets came under pressure again after it became known that President Trump was planning to declare the corona crisis a national emergency. Weekly data from FranceAgriMer show that the state of the French
Winter wheat stocks fell slightly last week. 63% of the plants were rated good or excellent by March 9, compared to 64% a week ago and 85% a year ago.
Source
HANSA Terminhandel
