Getreide Cockpit, 11.07.2019

Wheat prices on the Chicago Stock Exchange barely moved during the week. At the equivalent of 168 EUR / t, they last closed 1 EUR / t below pre-week line. The ongoing US winter wheat harvest brings new goods to the market and thus generates price pressure. According to the US Department of Agriculture USDA, the winter wheat crop in the US was 47% closed at the start of the current week, up...

Expert Opinion: 

Wheat tends to weaken slightly as supply pressure from the US winter wheat crop grows. Meanwhile, corn is stable despite the bearish market environment. At the Paris Stock Exchange, too, the prospect of a major global harvest and supply from the Black Sea region is creating price pressure.