After the losses of the previous days, wheat prices in Paris were able to recover and closed trading with profits. In the USA, the green signs also prevailed at the start of the week. The front month is currently the equivalent of 260.20 euros/ton. The main reason for the strong gains is the escalating tensions on the Black Sea. An easing of tension between Ukraine and Russia is currently not in sight and could have a significant impact on export business. There was further support from the most recent inventory rating from the USA. Both Kansas and Oklahoma downgraded their states by 3% and 4%, respectively, from the previous estimate. The cold front in particular is responsible for this, it said.
