CBoT wheat: Largest month loss since 4 years

After reaching a 5-week lows the CBoT Weizenfutures can stabilise since yesterday. In July, the courses with a decline of 18% but the biggest loss of the month posted for four years. The overhangs in the United States weigh on the market difficult. The new crop is also pressing on the market while export orders are missing.
The drought in some parts of Europe, Canada, and Argentina can not change to the global supply and price pressure, is the assessment by Australian brokers in Sidney today. Harvest estimate of the wheat quality Council tour in the North Dakota have found the biggest returns in the spring wheat with 49.9 bushels per acre since there's this tour.

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