09.
06.15
08:39

Grain mail

Technical buying, short covering by fund companies, the weaker US dollar to the euro, as well as gains in the Kansas City and Minneapolis wheat left yesterday in Chicago to close the wheat prices with good serves.
The weekly U.S. export inspections were 302.725 tons of wheat in line with market expectations of 250,000 450,000 tons. Iraq's State cereal trading has the offer period for the tender process for the purchase of 50,000 metric tons of hard red winter wheat extended until June 14. Offers must have a valid now until June 18. Institutional investors reduced their holdings of net short positions to 6,000 contracts.
The electronic exchange of the night is today tomorrow slightly firmer. On Euronext Paris, the Weizenfutures were again to follow the good requirements from overseas and increased the rates on all dates. The persistent drought in large parts of Europe, Canada, and Russia still support the market.

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