Grains - Grain Products

Cereals daily: massive market turbulence

April 21, 2021 at 3:01 PM, Der AUDITOR
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CHICAGO/PARIS. Market and price trends with first trade assessments. Wheat prices shoot up again, corn, barley and rye also increase, in some cases quite strongly. France buys Romanian wheat. Weather markets and price speculation cause tremors on the stock exchanges.

Wheat: France buys Romanian wheat

The wheat market is very volatile. Strong upside is coming from the expected cold snap in the US Midwest and the developing spring drought in France, which could last beyond spring, experts said. US winter wheat field inventory was rated 53% good to excellent plants, unchanged from last week, but 4 percentage points below last year. The cold snap could particularly hit the states of Kansas, Oklahoma and Texas, which together account for more than a third of US wheat acres. Ahead of the StatsCan acre

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