18.
07.22
09:09

Wheat is bearish

With another loss-making trade, the wheat prices on the Euronext said goodbye to trading on Friday. The December with the highest turnover recorded a loss of EUR 17.25/tonne to EUR 325.50/tonne. Meanwhile, the barley harvest in Germany is making good progress. The wheat harvest has also started in many places. The DRV expects a solid and mixed crop of 43.2 million tons of grain. While the experts from the farmers' association are more pessimistic with an estimate of 41.4 million tons. In the east in particular, however, the lack of precipitation could have a negative impact on yields per hectare. Field work is also underway in France. Around 50% have been retracted so far, according to official sources. In the US, hopes that Ukrainian exports by sea will soon resume are causing a red sign. Meanwhile, a harvest of 20 million tons is expected in Russia. Of this, 15 million tons fall on wheat.

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