Technical buying interrupts the decline in the CBoT wheat price

After the strong price losses of the last few days due to the expected record harvest, some traders are now using the low price level to buy CBoT wheat futures. It will amount to the biggest weekly loss in a year. At the hour it is 5% less than a week ago. This morning some traders are propping up the rates and causing a slight increase in the CBoT night market.
Since the relationship between supply and demand in the physical wheat market in the world is still not balanced, traders in Sydney Australia expect that wheat prices could fall another 30-50 cents / bushel.
The Ukrainian agricultural consultancy ProAgro yesterday raised its harvest forecast for wheat from the Black Sea region from 26.07 to 26.59 million tons. The export forecast therefore rises by 600,000 tons.
In Canada, farmers are also bringing in a record-breaking wheat crop.

Hansa Terminhandel GmbH
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich