Technical sales, the strong U.S. dollar to the euro, the weak global export demand for U.S. wheat, as well as negative guidelines from the Kansas City and Mineapolisweizen left with hefty losses include the wheat prices in Chicago yesterday. Seed stand report published yesterday the U.S. Government better turned out than expected by the market. 45% of U.S. winter wheat have been, just like in the previous week, with "good" to "excellent" rated. Last year, there were 30% on the same date. The summer wheat was 69% "good" to "excellent" even to 4% better than assessed in the previous week. The weekly U.S. export inspections were 418.376 tons of wheat above market expectations of 200,000 400,000 tons. Iraq's State cereal trading has announced an international tender for the purchase of at least 50,000 tons of wheat. The offer period ends on June 7.
At the time, the e-CBoT is slightly weaker.
On Euronext Paris the Weizenfutures despite the losses from overseas could be still quite good and the classes lost on all dates only moderately.
