In the reporting week to the 28.07.2015 the favor of speculators on the Chicago has changed again wheat. 15.205 contracts were lost in the warehouse of the buyer, so that the net long positions only 5.099 contracts were reduced.
Therefore, the grain prices came under pressure in the last few days. The main reason: The drought-related poor harvest forecasts were not confirmed in Europe to the extent assumed weeks ago. On the other hand, the forecasts of a warmer and dry period of weather mount in the United States. This resulted in a yield advantage for the corn in the upcoming crucial pollination and piston formation phase.
In Chicago maize, the speculators have reduced the net long positions to 36,864 contracts on now 242.801 net long positions. The corresponding courses have as - and given to other side of the Atlantic. The good weather conditions increase the maize yield expectations in the United States in July and in August. The weak European maize harvest falls in the global supply of less weight.
