The CBoT wheat future exceeds its weekly high this morning as announced rains in the US plains are lower than expected.
The US wheat market is again in a weather market, according to Indian agricultural market analysts. They justify the volatility of futures prices and the behavior of investors. It is obviously uncertain whether the precipitation can fill up the water deficit of the previous months.
In addition, the sword of Damocles is still hovering above the agricultural market between the US and China. Now the opponents argue about the feed sorghum. China requires security for all US deliveries as long as the dispute is not resolved.
Text: HANSA Derivatives Trading GmbH / / Graphic: Saxo-Trader 
