With slight differences, it can be seen that wheat on the Matif and feed wheat (Weser-Ems) develop in a similar way. The long-term correlation is 0.925. (A perfect linear relationship would be 1). Furthermore, the price of fodder wheat is slightly higher than the price of wheat on the Matif. Meanwhile, grain trading on the local cash markets is quiet. Prices have recently stabilized again, which is mainly due to the additional export opportunities to Iran and North Africa. The market participants are currently focusing on the processing of the contract goods. Although some processors need to be connected, they are reluctant to do so due to the volatile prices.
