Wheat prices take another step up

A new report from the US Department of Agriculture (USDA) holds few, if any, surprises. After the announcement, the price development of wheat and maize on the futures market in Chicago therefore remained almost flat. USDA has fractionally lowered its forecast for the global wheat crop to 773.4 million tons. Wheat consumption figures have been reduced to a similar extent. As a result, the forecast for closing stocks at the beginning of July next year remains unchanged at 267 million tons. Tha