Grain mail

Profit-taking and technical sales after the good gains of the last few days were with tees close the wheat prices in Chicago on Friday. Negative requirements of the soybean and corn complex and loss at the Kansas City and Minneapolis wheat also exerted pressure. Ethiopia's Government has announced a tender for the purchase of 400,000 tons of milling wheat. Institutional investors increased their holdings of net short positions to 6,000 contracts. The e-CBoT is today morning firmer.
On Paris Euronext the Weizenfutures could escape the negative requirements from overseas and the courses could lay to moderate on all dates. France exported 1.4 million tons of wheat in non-EU countries in April. Thus, France outside the EU wheat exports totaled in the current marketing year 2014/15 to 9.5 million tons of soft wheat. While this is a decrease of 9% compared to the same period last year, but the gap with previous surveys has been reduced significantly in the current season.

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