Grain mail

With minimal losses, wheat prices in Chicago concluded their trade on Friday. The weak global demand for U.S. wheat, as well as high crop forecasts weigh on the market. Short covers as well as concern about harvest delays in the Southern Plains gave support to the market. For Texas, Oklahoma and southern Kansas, heavy rains are expected from mid week. Egypt's State grain purchasing GASC bought 180,000 tons of wheat of Russian and Romanian origin at an average price of $200,72 / ton c & f in a further call for tenders. The dispatch of the goods, is scheduled as the previously purchased 60,000 metric tons wheat of Russian origin, between July 11 and July 20. Institutional investors kept their holdings of net short positions at the same level. The hour is the electronic exchange of the night with losses. On Euronext Paris, the Weizenfutures spent a rather quiet day on Friday and the courses closed almost unchanged to the previous day. The weaker euro to the U.S. dollar could easily support prices in the local market.

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