At the start of the week, the correction in the price of wheat picked up speed again and caused heavy losses. The front month of March slipped 12.75 euros/ton down to 266.00 euros/ton. The futures on the CBoT also ended trading with a deep red sign. The front appointments recorded double-digit losses. A series of storms with heavy rainfall and snowfall are currently improving growing conditions in drought-stricken acreage across much of the US, triggering a sell-off. In addition, US export figures were disappointing. After the Ukraine/Russia conflict had led to concerns on the export market, the situation is currently easing slightly. However, the experts from the IGC fear that there could still be restrictions, especially when it comes to shipments.
