The number of the seller when the wheat speculator in Chicago increased significantly in the last week of the report. The net short positions increased to 18.698 contracts on now 81.986 NET short positions. The courses came further under pressure.
The barley harvest started has in parts of Germany and it is reported of good yields and qualities. The selling restraint is however great, are but relatively low, approximately 12-14 EUR per tonne under the level of the bread wheat prices to be achieved in the harvest. The allows harvest of winter wheat is still waiting. Income from the fields don't look bad, fears regarding the qualities to be achieved, in particular the risk of Fusarium, are not to have the hand of. Seen overseas in the Midwest which is United States the quantity and quality produced a good wheat harvest underway. Also the earnings prospects at the corn are increasingly as well assessed. This brings the stock market and of the Atlantic under pressure and wheat prices in Chicago have fallen to the lowest level since 2007. In contrast, the weak euro in Paris prevented similar to weak prices in the years 2008 and 2009. Waiting for now as the qualities of wheat in West Europe develop, to maybe get positive price momentum from there. The abundant global supply conditions made life hard for but a sustained price recovery.
Even when the corn speculators, many speculators in the warehouse of the seller changed in the last week of the report. The net long positions declined by 50.101 contracts on 174.726 net long positions. The courses thus increasingly came under pressure.
