Short fund fund cover and positioning ahead of the USDA's monthly USDA report hit wheat prices yesterday in Chicago with mark-ups. Analysts expect the USDA to reduce estimates of US winter wheat acreage. Egypt's state grain buyer GASC purchased 115,000 tons of Russian-sourced wheat for the 11.-20. February at an average price of $ 192.68 / ton FOB, or $ 207.86 / ton c & f. Fund companies reduced their wheat shorts yesterday by 4,000 lots of CBoT SRW wheat. The eCBoT is trading a bit firmer this morning. At the Euronext in Paris, the wheat futures were able to follow the improved overseas guidance and closed on all dates with again weak sales with slight gains. Support for the fall in the exchange rate of the euro to the US dollar. In the past few days, wheat was shipped to German ports for delivery to Saudi Arabia (65,000 tonnes) and South Africa (55,000 tonnes).Crude oil prices rose to their highest level since 2015 yesterday as speculators bet on a further rise in prices after OPEC calls for further cuts in production and Americans also want to limit their oil production.
