Technical sales due to the diminishing fears about significant crop losses in the southern US - wheat growing area, the continued strong U.S. dollar to the euro, poor export prospects for U.S. wheat, as well as negative provisions of the Kansas City and Minneapolis wheat left with losses include the wheat prices yesterday in Chicago the third day in a row.
Institutional investors reduced their holdings of net short positions to 4,000 contracts. The electronic exchange of the night is today tomorrow minimal weaker.
On the Euronext in Paris came yesterday due to the weaker requirements from the United States and the good growing conditions in Europe the wheat prices under pressure and also eased significantly on all dates. Egypt's Superstores has advertised a wheat tender an unspecified quantity of wheat for delivery in July.
