Wheat price hits well above € 300

Wheat trading on the futures market in Paris rocketed to €307 and just above on Monday, November 22. This clearly marked a step above the limit of €300 per tonne. The International Grains Council IGC lowered its forecast figures for wheat production and stocks last week. This once again confirmed the fear of limited availability of this cereal. In addition, heavy rainfall could be a major setback for Australia’s record crop of wheat to come from the country. Signals on green In shor