# Farming News - ADM update on wheat and OSR markets

> ADM's David Sheppard reported US wheat marginally higher on short covering tied to weather concerns, even as weak stock-report sentiment and funds trimming exposure weighed. European old-crop prices firmed on logistics and shipping backlogs in France, while new-crop prices eased on expected EU production recovery and a stronger euro. UK prices were little changed as the trade awaited Brexit developments.

- Date: 2019-04-05 · published 2019-04-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11373-farming-news-adm-update-on-wheat-and-osr-markets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Weather and logistics are supporting nearby wheat prices while expected EU crop recovery and a firmer euro cap new-crop values. The US-China trade outcome remains the main unresolved factor.

## Read by commodity

- WHEAT: bullish ▲
- EURUSD: bullish ▲

## Sources

- farming.co.uk: https://farming.co.uk/news/adm-update-on-wheat-and-osr-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.