23.
06.22
10:00

Volatile trading in wheat

After a more than volatile trading session in the agricultural markets, futures in Paris failed to stay in the black. The front month fell from EUR 2.00/ton to EUR 370.50/ton. The first barley was brought in in this country this week. Due to the drought of the past few weeks, growers are reporting quality losses. Representative results are still missing. In Chicago, on the other hand, the front dates were still able to record slight gains. In Ukraine, there has been a heavy attack on the important port city of Mykolaiv in recent days, giving the bulls short-term support. However, the progress of the harvest and the prospects for a good US harvest built up such pressure that prices had to fall again during the course of the day. The USDA also confirmed that the state of wheat stocks has improved again. Around 59% are in good to very good condition. In the previous week were only 54%.

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