The futures on the Matif caught up again strongly yesterday. The May date recorded an increase of 15 euros/ton to 376.75 euros/ton. The bulls also took the lead on the CBoT yesterday. In addition to the solid US export figures, the war in the Ukraine in particular is once again providing impetus for buying. For the time being, many market participants do not expect an end in the near future, so that concerns about supply bottlenecks are growing again. Meanwhile, APK-Inform analysts expect Ukraine's exports to total just 200,000 tons by mid-year. Overall, the forecast for this season has been revised downwards to 18.3 million tons. Sales losses of 6 billion dollars are expected.
Source
VR Agrarberatung
