21.
02.22
09:57

Profit-taking in the wheat market

Wheat futures on Euronext/Matif ended the weekend with solid gains. Buying interest in high-quality wheat lots is increasing on the spot markets. Degrees only come about occasionally. The high volatility of the market keeps buyers off. At the CBoT, futures ended Friday with mixed signs. Profit-taking in particular weighed on trading. The Russia-Ukraine conflict continues to create a mixed mood. Many traders continue to fear that a riot could lead to massive upheavals on the export market. Meanwhile, the Midwest is expecting a few storms with heavy rainfall and freezing temperatures this week.

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