The CBoT Weizenfutures today start tomorrow after a small rally in the last week with weaker prices in the trading day after a long weekend in the United States. The great global supply, as well as the upcoming maize harvest burden on the courses.
The upper limit of the corn prices is today seen by Asian brokers 3.3 USD/bu. There is also a selling pressure because of confusing politics of Egypt in terms of ergot tolerance. A tender for the purchase of wheat was cancelled last week because a seller only dared to give a quote on the stricter conditions of purchase.
