Grain mail

Wheat prices made their trade in Chicago yesterday again significant losses. The firmer U.S. dollar against the euro, the poor competitiveness of U.S. wheat in the export market, losses at the Kansas City and Minneapolis wheat as well as negative provisions of the soybean and corn complex exerted pressure. With a total 943.800 tons of wheat were the weekly U.S. export sales above market expectations. However no sales were reported for the marketing period 2015/16. Egypt's State grain purchasing GASC bought 60,000 tons of wheat of Russian origin for the price of $199,49 / ton c & f. At the time, the e-CBOT is somewhat weaker. In comparatively good trading volume the Weizenfutures on the Euronext in Paris followed the weak requirements from overseas and prices eased significantly on all dates. The European Union granted export licenses for 478.000 tonnes this week. In the current marketing year amounted to exports for wheat to total 30,273 million tonnes (previous year comparison value: 28,392 million tonnes).

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