Technical sales made after the strong gains of the previous day with moderate losses include the wheat prices in Chicago on Friday. The worry of excessive rainfall in the southern U.S. Plains, as well as weather forecasts temperatures close to freezing in the northern U.S. Plains limited the downside potential. Institutional investors increased their holdings of net short positions to 4,000 contracts. The e-CBoT is something solid to the hour. The Weizenfutures on the Euronext in Paris followed the negative requirements from overseas and prices eased moderately on all dates. The consulting firm strategy of grains lowers considerably 2015/16 the export expectations of the EU from the harvest. The competitors from the Black Sea region especially for the top Exporteuer of the EU, France, form a strong competition. In its monthly report, strategy of grains estimates the export potential of the EU to 28.6 million tonnes. These are 2.6 million tons less than in the previous estimate. The Russian Government informed the public about the decision to repeal the export duty on wheat supplies from now on Friday.
