Grain enamel

The beginning of the US winter wheat harvest and the prospect of rain in large parts of Europe and the Black Sea region yesterday weighed on wheat prices in Chicago. The USDA reported that 3% of the US winter wheat crop has already been harvested. The 5-year average is 2%. Institutional investors sold 5,000 contracts of CBoT SRW wheat yesterday. This morning the e-CBoT is trading a little firmer. At Euronext in Paris, the wheat futures followed the negative overseas guidelines and closed at all times with losses. In France, traders are waiting for results on whether the hot, dry weather in the past week has hurt wheat stocks that are in poor shape, as they were last in 2011. In parts of France and Germany it is still too dry. It therefore remains to be seen whether the precipitation forecast for the weekend can provide a noticeable relief. The prices of Russian export wheat for the new crop have been stable over the past week. Export wheat with 12.5% protein loaded at Black Sea ports for delivery in July was $ 202 / tonne FOB at the end of last week, SovEcon reported. Egypt's state grain buyer GASC bought 120 yesterday.000 tons of wheat from Ukraine for delivery in the period 10-25 July.