The wheat prices yesterday in Chicago with good profits close more technical purchases, prospects for strong rains in the southern US - wheat growing area and allowed to dry weather conditions in many parts of Russia and Canada. The weekly U.S. export sales for the marketing year 2014/15 with 74.400 tons of wheat slightly above expectations and for the year 2015/16 with 128.200 tonnes were wheat under the expectations of 200,000 350,000 tons of previously surveyed analysts. Institutional investors reduced their holdings of net short positions to 6,000 contracts. Today, the electronic exchange of the night is tomorrow with other markups.
With good sales volume, the Weizenfutures on the Euronext in Paris followed the positive requirements of overseas and the courses were set to again significantly. The European Union granted export licenses for 647.000 tons of wheat this week. In the current marketing year amounted to exports for wheat on a total of 29,086 million tonnes (previous year comparison value: 25,914 million tonnes).
