Technical sales, losses at the soybean and corn complex, and improved weather conditions in Europe and the Black Sea region led to wheat prices closing in Chicago on Friday. In a weekly comparison, the front month of July lost 2.6% in value. It is the third weekly decline in a row. It is unusually dry in the south of the US Plains. 38% of the areas in the state of Kansas are unusually dry over 23% in the previous week, the US drought monitor shows. Institutional investors sold 5,000 lots of CBoT SRW wheat on Friday.
This morning, the electronic night market is trading price losses again.
No trading took place on Friday at Euronext in Paris. The prices shown reflect the trading day last Thursday.
Source
Hansa Terminhandel GmbH
