Grain News, 02/19/2021

The front month of wheat on Euronext / Matif reached its highest level since May 2013 this week with an exchange rate of over 241 euros. This development is still being driven by Russia. Unlike ICAR, the analysis house Sovecon has reduced its forecast for the Russian harvest. The correction is 1.5 million tons, which would mean a harvest of 76.2 million tons. Sovecon assumes that the farmers...

Expert Opinion: 

The bullish sentiment continues. The price level is high. The frost worries in the US will remain. Likewise the overall good global demand. Whether the price level can carry through is in the stars. In any case, the current price level represents an attractive marketing option for producers with...