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Grains recover on fund short-covering

After falling for 5 straight weeks and hitting fresh contract lows on March 11th, Chicago wheat is bouncing back sharply over fund short-covering triggered by weather issues and trade optimism. The long-awaited US-China trade deal which according to US President Trump is finally ‘coming along nicely’ has pushed speculators to…

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EU wheat gains momentum

Matif wheat has finally snapped a 6-week losing streak, bouncing off a near 9-month low, amid renewed export optimism with some questioning if a seasonal low was scored at the beginning of the week  ahead of the weather market and with fund positions so short. Major importers, particularly northern African…

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Brexit, here we go again

UK wheat has traded in a narrow £1.50/T range since last Thursday on the May-19 LIFFE futures contract amid a lack of fresh news and despite the Sterling reaching its highest level against the euro since the end of May 2017 last Friday. However due to this week’s Commons vote…

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