Wheat with green signs again today

At the Euronext/Matif in Paris yesterday, wheat prices did not show a consistent picture. The three front dates closed lower, but later dates were able to gain. The month of March fell by 1.25 euros/t to 222.75 euros/t. Shortly before the holidays, existing contracts are predominantly settled on the cash markets. Regionally, however, some feed manufacturers appear to be pushing back their contract deliveries. Farmers are currently not very active on the market and are mostly waiting to see further price developments. Orders for summer seeds are increasing. There is sometimes a shortage of availability of some types of grain. In view of the never-ending rainfall in many regions of Germany, producers are also increasingly worried about winter wheat stocks. Here and there areas are under water. Overall, prices are being kept in check by better exports on the Black Sea, especially Russian exports. In addition to the large harvest in Russia, a lot of goods in Ukraine are also being exported. However, as reported, European export volumes remain below the previous year's level. Wheat also went south on the CBoT yesterday.Here too, international competition and the currently weak demand are putting a strain on trade. However, there are friendly developments in Chicago today before the trading session. Tonight, as usual, the USDA will report fresh export sales from last week. In Paris, the contracts started the new trading day with a slight green sign.

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