After reaching a two-month high that the CBoT wheat futures traded yesterday, they are relinquishing some of their spectacular profits this morning. Observers rate this as taking profits. Worldwide, demand for wheat increases during the corona pandemic.
Wheat prices in Chicago have already increased by 6% this week because people are hamstering staple foods in the current and unprecedented crisis. You are obliged to stay at home almost everywhere. There are also fears that grain supplies from the Black Sea region and other surplus regions will become scarce; that also supported the rally. 
Source
HANSA Terminhandel
