The prices of CBoT wheat futures rise to their highest level this morning for two weeks. In the US corn belt, it is above average warm, so the grain can not develop winter hardiness. And next week there will be a cold snap, so the weather services. Then it could come to Auswinterungen, because there is no protective blanket of snow.
Traders in Far East Asia say this morning, however, that there will be no big price fantasies. The supplies are too big for that.
Text: HANSA Futures Trading GmbH / / Graphic: Saxo-Trader