After the losses of the last few trading days, wheat contracts in Paris were able to recover slightly. The front month increased by EUR 2.25/ton to EUR 265.75/ton. On the other side of the Pacific, the scoreboards were idle yesterday due to a public holiday. Wheat futures are currently on the up on the eCBoT. In addition to the weather forecast, many market participants are currently focusing on the political situation between the USA and Russia. Increasing tensions caused upheavals on the Russian markets last week. Meanwhile, wheat prices eased slightly around the Black Sea. The analysts at Ikar report a price of $328/ton (-$2 compared to the previous week). The experts from Sovecon also noticed a decline and recently quoted $332/ton (-$1).
