French wheat in better shape than last year

It is on the dry side but the growing season in western Europe is not unfavorable for grains. That is clear from the new figures from France on the condition of wheat and barley there. In the US, drought is a bigger problem. Frost has now also been added on the southern prairies there. Still, the weather premium in wheat on the CBoT is being lowered somewhat. Read more about the wheat market and weather premium