Wheat in Central Europe Falling Behind Due to Drought

On the Matif, the past trading session marked the end of the decline in wheat, with the March contract closing with a small gain. Possibly, the new export forecast for Russian wheat exports gave the market some confidence. This winter is certainly not as extreme as the previous one, but that doesn't mean that the wheat has emerged from winter unscathed. Both an excess and a shortage of water are causing problems in the EU. Trump caused unrest on the Chicago exchange by bringing import duties for Canada and Mexico to the forefront.