The net short positions when the wheat has reduced the speculators in Chicago during the reference week for the 29.01.2016 significantly to overall 50.699 NET short positions. The courses could grow only slightly in the same period.
At the beginning of the year much seems especially in Northern and Eastern Germany (about 50%) of unsold wheat on farms or in the trading to store, so that, if exports are not better movement, not all stores can be given until the following harvest. If however the possible export restrictions in Russia are correct, you can again see "Light in the tunnel" is what concerns underpinning the wheat prices by better export opportunities from the EU but also from the United States. At the same time "lives still the hope/chance Dewinterizing damage". The grain has developed little winter hardiness due to the relatively high temperatures. The snow remains and is still really cold, so the cultures in the northern hemisphere, and in particular those on the more easterly fields (Poland, Ukraine) can suffer considerably. Hope dies last known, should encourage but not "to put everything on a card".
Even when maize speculators in Chicago, the net short positions have significantly reduced in the last few days. The net short positions amount still 87.197 contracts in the reporting week to the 29.01.2016. The courses in Chicago could recover easily.
