Grain News, 05/13/2022

During the week, wheat prices continued to be bullish on both the Paris and Chicago stock exchanges. While the most traded September date on the Matif closed at EUR 397.50/t last Friday, it was EUR 413.75/t yesterday, Thursday. Converted into euros, the July date on the CBoT went north from 386.51 euros/t to 417.26 euros/t in the same period. The wheat rally is mainly dominated by dryness and...

Expert Opinion: 

The signs are set to s. The latest USDA report gives no reason to expect significantly lower prices for corn and wheat. Global growing conditions, the Ukraine war and problems in international logistics are fueling grain prices.