10.
06.15
08:45

Grain mail

Technical buying and short covering by funds before the today's USDA report (18 h CET) could close the wheat prices yesterday in Chicago on a two-month high. Worried about the U.S. wheat harvest delays and good instructions by the Kansas City and Minneapolis wheat also gave support. The Moscow-based Russian consulting firm IKAR has increased its forecast of the Russian wheat crop by 2015 to 500,000 tons to 56-60 million tonnes due to good growing conditions. Institutional investors reduced their holdings of net short positions to 5,000 contracts. The electronic exchange of the night is today tomorrow again harder. On Euronext Paris, the Weizenfutures could decide not unique to one direction and the courses closed mixed. In some regions of France and Germany, there is growing concern over potential loss of earnings due to the dry weather conditions.

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