Profit-taking left to the premiums of recent days, losses in the soybean and corn complex, as well as positioning before the today's USDA report (18 h CET) with light tees close the wheat prices in Chicago yesterday. Algeria's State grain agency OAIC buys in an international tender procedure about 200,000 metric tons of durum wheat from Canada and Mexico.
The weekly U.S. export inspections were 378.407 tons of wheat in line with market expectations of 300,000 400,000 tons. Institutional investors kept their holdings of net short positions on virtually the same level. In advance, surveyed analysts expect for the USDA report a reduction of world wheat closing stock 2015/16 on average 193,53 million tons (April: 197,21 tonnes). At the time, the electronic exchange of the night is moderately weaker. On Paris Euronext the Weizenfutures could resist the negative requirements from overseas and the courses concluded with a smaller sales volume unchanged until minimal fixed.
