Wheat: Matif with slight gains, CBoT with slight losses

While prices in Paris rose slightly yesterday, contracts on the CBoT went down slightly. Producers, buyers and traders on both sides of the Atlantic are eagerly awaiting the results of the negotiations on Ukrainian grain exports. On Tuesday, President Putin expressed his satisfaction with the current status of the negotiations. Last week, the prospect of an agreement by the middle of this week was announced, but talks and negotiations are still ongoing. The USDA rated 71 percent of US spring wheat stocks as good or very good in its weekly crop report. According to USDA figures, the winter wheat harvest is now 70 percent complete and thus within the corridor of the long-term average. The state purchasing agency in Egypt GASC has withdrawn a tender. US exporters had high hopes, as US bids seemed to have the best prices. Concerns about the German harvest were shared yesterday by the German Farmers' Association. The interest group is quite satisfied with the barley harvest. However, warnings about the yield forecasts and qualities for the wheat harvest that has started have been received from all state associations.