Euronext wheat was able to post modest gains going into the weekend. Overall, trading was somewhat calmer again. On the other side of the Pacific, the bulls took the lead. Only the expiring March dates slipped into the red. Meanwhile, Russia stressed that all export deals would be honored and there would be no cancellations. In Ukraine, on the other hand, work in the ports has come to a standstill due to the war situation. In the USA in particular, many traders expected a significant increase in export business due to the failures in the Ukraine/Russia. However, this has not yet been the case and has dampened the mood of market participants.
Source
VR Agrarberatung
