Wheat prices are rising due to expected supply restrictions

The prices of CBoT wheat futures continue to rise this morning. At the moment, they are trading near their high of the last week, when they reached a 3-year high. In the major export nations of the world smaller harvests are retracted.
Chicago wheat makes a good price jump today after a little breather in the days before. Dealers in Sydney Australia believe that prices will remain high this season.
Russian export prices for wheat are currently rising rapidly, as grain harvests there suffered from drought on the Black Sea and in Europe. Black Sea export wheat with 12.5% ​​protein cost $ 234 / ton fob at the end of last week. A week ago, it was $ 223 / ton. Graphic: Saxo-Trader

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