Big step back for wheat futures markets

Wheat suffered from falling prices in the futures markets last week. The first expiring contract in Paris dropped almost 5.5% in price and in Chicago prices fell around 4%. Wheat futures markets took a big step back following the news about the discovery of the new corona variant omicron. Fears of economic consequences resulting from this made investors decide to cash in their profits and then go on hold for a while. Australian wheat yields: Above expectations Other reports were also not very