19.
04.22
09:46

US wheat stocks continued to deteriorate

There was no trading in Paris yesterday Easter Monday. On the local cash markets, business activities have calmed down significantly before the holidays, but larger compound feed manufacturers still had a short-term need to connect. In the USA, on the other hand, wheat futures rose again significantly after last week's correction. The news from Ukraine continues to determine prices, where there is currently no relief in sight. The bulls found further support in the USDA's report that the condition of wheat acres continued to deteriorate. Around 30% of the holdings are only in good to very good condition. Despite the sanctions against Russia, export business continued to rise. Sovecon analysts report that around 630,000 tons were exported last week. The result is 230,000 tons above the result from the previous week.

Source
VR Agrarberatung
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