Technical buying, short covering by funds, as well as positive requirements of the Kansas City and Minneapolis wheat left with significant gains include the wheat prices yesterday in Chicago.
With 359.693 tons of wheat were the weekly U.S. export inspections in line with market expectations of 250,000 400,000 tons. The USDA has good to excellent rated 1% less than in the previous week, as the US winter wheat stocks in the yesterday released weekly U.S. seed stand report to 44%.
In the previous year, the value at the same date amounted to 30%. Institutional investors reduced their holdings of net short positions to 9,000 contracts. The electronic exchange of the night is today tomorrow slightly firmer.
On the Euronext in Paris, the Weizenfutures followed the good requirements from overseas and the courses were clearly set on all dates. Support of local prices also came from the weak euro to the U.S. dollar.
