17.
06.15
10:40

Wheat prices after recent decrease stable

The Weizenfutures in Paris had a breather on yesterday's Tuesday, after prices fell after the sharp decline in the last few days on a 2-week low. On Monday the most liquid due December 15 more than 2% closed lower than the day before. The sharp decline of in U.S. prices put the market under pressure.
"The market tried to find its direction. We need rain or not? How fail in the current U.S. winter wheat crop yields?" So a dealer brought the issues of market participants on the point. "The weather reports are bullish but technically the Outlook is bearisch."
The recent rainfall in the dry wheat growing regions Western Europe end last week, as well as the strong export competition from the Black Sea region were last trading European wheat prices with losses.
In some dry regions in the North of France and in the middle of Germany, the recent rainfall have brought a little relief, while the rainfall in the United States led to a slowing down of the winter wheat crop.
It is to be feared that the dryness will lead Germany's poorer yields in the middle and the East. The rainfall of the past few days will not suffice according to some market players, to prevent potential losses.

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