Wheat prices react to fighting

Wheat prices were able to end Friday's session with gains. The front month of May rose by 3 euros to 203.00 euros/t, thereby following friendly signals from overseas but also reacting to the renewed and more intensive fighting in Ukraine. In addition, wheat stocks in Germany and France continue to be viewed critically. The weather forecast in many places has not improved enough for producers to make progress with necessary field work. This has also prompted the World Food Organisation to revise its forecasts for the EU and Great Britain downwards. Russian export prices have also risen, but at the same time high inventories in Russia are still dampening further price expectations for grain. Producers in Germany have recently been holding back more with their offers. At the wholesale level, prices also showed slightly firmer tendencies on Friday. On the CBoT, the most traded May contract rose by double digits on Friday. Here too, tensions in Ukraine and rising prices in Russia are seen as the reason for the upward movement. However, pre-market contracts are again trending slightly lower this morning.

Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich