At the start of the week in Paris, the bears took the lead and caused losses. The May date recorded the highest daily loss of 11.50 euros/ton to 369.75 euros/ton. The prices on the local cash markets are still firm, even if the trading volume is still very low. B wheat is currently traded at 390 to 405 euros/ton. In Chicago yesterday it was just as clearly going south. Futures ended trading with double-digit losses. Sentiment was weighed down by improved forecasts for US wheat stocks. The rating was raised, meaning that 32% of all spaces are in good to very good condition. In the previous week it was only 25%. In addition, according to reports, the acreage for wheat in the USA will increase to 47.7 million acres.
Source
VR Agrarberatung
