06.
01.22
11:03

Profit-taking weighs on wheat market

After the brief recovery the day before, the bears took over the lead again yesterday. Trading in Paris ended with slight losses. Even on the CBoT, the futures could not hold their profits for long and continued their negative trend from the pre-market trading even later. The month before it was down from $ 9.25 US cents / bushel to $ 760.75 US cents / bushel and costs the equivalent of 247.69 euros / ton. Above all, market participants blame the correction. The latest data on the harvest from Australia and parts of South America have eased the tense supply situation somewhat, but overall the market is only just supplied. The surprisingly poor ratings of winter wheat stocks in the USA prevented larger losses.

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