The wheat, speculators in Chicago the net short positions have decreased in the last week of the report clearly to 37.671 contracts on now 53.320 NET short positions. Prices on the stock exchange could be increased accordingly.
The latest USDA numbers from the June 2016 apparently surprised some market participants expected with falling end stocks compared with the last estimate in the grain. A significantly higher production was offset by a similar increased consumption, so that the closing stock is hardly changed. The result: Declining prices and thus a damper for the rates higher since early June. The stock to use ratio wheat is currently with 36% significantly over the five year average of 31%, while the closing stock consumption currently only slightly at the coarse grain with 18.4% over the five year average of 17.8%. All in all: the wheat in a row rising wheat stocks indicate in the fourth years himself, the entire grain production rises to a record level of 2,034 million tons. These numbers include little impetus for rising grain prices
