15.
03.22
09:54

US wheat stocks in bad shape

In Paris, futures found no unified direction. For the front month, however, it continued to rise sharply with a daily gain of 8 euros/ton. In particular, the rumors about further export restrictions in Russia, apart from those in the Eurasian Union, created a buying mood. On the Chicago Stock Exchange, the trailing contract went south. The prospects that renewed peace negotiations between Russia and Ukraine could soon be the order of the day's gains. Meanwhile, many market participants are concerned about the ongoing drought in parts of Kansas, Texas and Oklahoma. In Kansas in particular, only just under 23% of the fields are in good to very good condition and are therefore in a significantly worse position than last year.

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