Grain enamel

Persistent harvest pressure and the increased exchange rate of the US dollar weighed on wheat futures in Chicago yesterday. Hot and dry weather in large parts of the southern US plains has brought winter wheat to maturity and should help speed up the harvest. The weekly US export inspections of 432,919 tons of wheat were at the lower end of the market expectations of 400,000 - 625,000 tons. The USDA left wheat crop ratings unchanged at 51% good-to-excellent yesterday. As of June 7, 7% of the US winter wheat stocks were harvested (previous week 3%). Institutional investors sold 4,000 contracts of CBoT SRW wheat yesterday. The eCBoT is acting somewhat firmer this morning. At Euronext in Paris, the prices of wheat futures fell due to negative overseas requirements, the fixed exchange rate of the euro and the improved weather conditions in Northern Europe. In Russia, export prices for new crop wheat rose last week because the drought in the south of the country is likely to result in significant yield losses.Russian export wheat with a protein content of 12.5%, loaded in Black Sea ports for delivery in July, rose last week by $ 2.50 last week to $ 204.50 a ton FOB, the analyst SovEcon reports.