After the price rally at the beginning of the week, yesterday's trading on the Matif was much quieter. The front month recorded an increase of 2.25 euros/ton to 379 euros/ton. In Chicago, futures ended the session with mixed signs. The most traded May had to give way marginally. Meanwhile, the armed conflict in Ukraine continues undeterred. Nevertheless, local farmers hope to be able to harvest at least 4 million hectares of the 6 million hectares sown for winter wheat. However, the shortage of fertilizers and fuel in particular could become a problem, emphasized the Ukraine Minister of Agriculture. On the world market, importing countries such as Lebanon and Iraq continue to look for grain. The Lebanese tender for 50,000 tons of wheat is to be served with goods from India, traders report. In the USA, the analysts at IHS Markit expect wheat to be cultivated on an area of 47.467 million. acres. and is thus just above the forecast from January.
Source
VR Agrarberatung
