Soil moisture in important wheat growing regions too low

This morning the prices of the CBoT wheat futures are again up 1%. The dry weather in central USA and the Black Sea region could endanger the harvest in the coming year.
The weather services agree that the level of soil moisture in the central wheat growing regions of the USA and in the Black Sea region will hardly improve any time soon. Traders in Far East Asia believe that these conditions will continue to determine prices on the futures exchanges.
Wheat prices in Russia continued to rise last week due to good international demand. At the same time, the supply from agriculture is falling because the farmers fear for the yields of the next harvest.

Hansa Terminhandel GmbH
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