Grain enamel

Rising crop pressure, the tighter exchange rate of the US dollar and profit-taking caused the wheat futures in Chicago to close on Friday. Analysts expect rapid progress on the recent winter wheat harvest in the states of Texas and Oklahoma. Institutional investors sold 6,500 contracts of CBoT SRW wheat. At the moment, the eCBoT is dealing with further discounts. The wheat futures at Euronext in Paris followed the negative overseas guidelines and relented on all dates. Rainfalls in many regions of Western Europe affected by drought also caused downward pressure. Further precipitation is expected in France and Germany in the coming days. In France, the state of winter wheat stocks remained stable last week, FranceAgriMer reported. 56% of the common wheat stocks received the rating "good to excellent" as of June 1st. On the cash market in Hamburg, premiums for export wheat with 12% protein for delivery in September hardly changed at 1.50 euros below Paris Dec. 20. The trading volume of Euronext agricultural futures and options was around 30% lower in May with an average of 40,613 contracts, than the comparative value of the previous year.