Yesterday, too, the contracts for wheat on the Euronext/Matif were in reverse gear. The front month of March lost EUR 2.75 to EUR 293.75/t. The EU Commission is not releasing any new export figures this week due to technical problems. The cash markets remained calm yesterday. The willingness to sell is low and mills are usually well supplied in the short term, although there are definitely regional differences. The Russian consulting firm Sovecon has revised its forecast for the country's exports upwards to 44.2 million tons. Wheat also went south at the CBoT and again. The US dollar, which has strengthened again, is weighing on export prospects. Higher interest rate expectations in the US pushed the dollar to a fresh six-week high yesterday. In the weekly export sales released yesterday, deals reach 2/9. a volume of 209,000 tons and were thus at the lower end of analysts' expectations. Nevertheless, this value was the highest in recent weeks. In Texas and Kansas, the growing areas were classified as "drought areas". Sowing of spring wheat will soon begin in Kansas.Pre-market signs are slightly green today, but a clear trend is not yet discernible.
Source
VR AGRICULTURAL
