Trading on the Matif/Euronext ended yesterday with strong price gains. Above all, the bullish mood on the US markets, along with concerns about global political tensions, caused prices to rise. Wheat on the CBoT jumped yesterday. The front dates in particular closed with double-digit profits. The problems on the Black Sea are also leading to increasing interest in buying. At the same time, the conditions of US wheat have continued to deteriorate in many regions. Over two-thirds of the land in Texas is in poor condition. In Kansas it's almost 30%. The precipitation could hardly alleviate the existing dry soil, so many producers expect yield losses.
