07.
08.23
09:13

Wheat prices bid farewell to the weekend with gains

After last week's price correction, wheat contracts in Paris were able to turn around and ended trading with slight gains. In this country, the first damage to the grain stocks is showing. Black fungus is not uncommon under the current conditions, according to the agricultural association. In the USA, too, wheat contracts were able to end the trading week on a positive note. In particular, an attack on Russian ships off the port of Novorossiysk and Russia's response to halt work around the region provided bullish buying momentum. In the meantime, the shipments have resumed. The losses were slowed down by persistent rain showers in the important growing regions of the USA: There has been heavy rainfall in the past few days, particularly in the Midwest.

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