In Paris, wheat prices continued their downward trend. With yesterday's trading, the front month fell below the 300 euros/t mark and closed with a daily loss of 3.50 euros at 299.00 euros/t. New reports about the grain deal for Ukraine caused selling pressure. According to United Nations representatives, talks on Russian fertilizer export opportunities have made basic progress. Russia had made this a condition for a further extension. For its part, Ukraine responded to the Russian conditions by demanding a prisoner exchange. On the spot market in Germany, sales before Christmas remain weak. Mills obviously do not have flour sales as in other years, at the same time many bakers are reducing their baking activities or have given up their business altogether because of the increased energy prices. In the case of feed wheat, the lower pig and sow stocks in Germany are becoming more and more noticeable in the trade. The CBoT, on the other hand, went north. In particular, surprisingly strong US wheat export sales provided tailwind. Compared to the previous week, the sold quantities of wheat increased by 148 percent.
Source
VR AGRICULTURAL
