20.
01.22
10:15

US wheat: price rally continues

Following bullish signals from US stock markets, futures in Paris posted solid gains. On the local cash markets it is reported that processors in particular are currently focusing on the need for follow-up until the new harvest. In the case of good qualities, such as A-wheat, producers can receive premiums of up to 15 euros/t. push through. On the CBoT, yesterday's trading ended again with strong gains. The difficult situation between Ukraine and Russia will continue to drive prices forward. Additionally, the recent cold snap in the US is worrying many growers and global demand remains strong. Iran is currently looking for wheat on the world market, as is Jordan with a total volume of 180,000 tons.

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