Russia attacks Danube ports again - wheat still in the red

The Euronext wheat could not escape the bearish guidelines yesterday and recorded slight losses. The front month recorded a drop in price from EUR 2.25/ton to EUR 233.75/ton. In the US, bears retained the lead on the CBoT on Wednesday. The busiest month of December recorded a minus of $11.00 US cents/bushel and thus costs the equivalent of EUR 224.11/ton. According to the latest reports from Ukraine, the port of Ismail on the Danube was attacked by Russian missiles on Wednesday. Yesterday there was also a talk between Turkish President Erdogan and Putin. Above all from the Russian side, there should be no resumption of the grain corridor. However, new talks are scheduled for the end of August. Market participants are speculating that there could be new negotiations again.

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