19.
06.15
08:29

Grain mail

With moderate losses, the Weizenfutures in Chicago yesterday joined the trade. Prospects for good harvest weather in the southern U.S. wheat growing area exerted pressure in the coming week on the quotes. The market by the weaker US dollar to the euro and by short covering by funds received support. The downside potential was limited by persistent rainfall in the southern wheat growing areas of the Midwest, which could lead to harvest delays and loss of quality. The weekly U.S. export sales were 315.700 tons of U.S. wheat for the period 2015/16, in line with market expectations. The hour, the electronic exchange of the night is somewhat weaker. On the Euronext in Paris followed the negative requirements of overseas wheat prices and gave minimal. The European Union granted export licenses for 399.000 tons of wheat this week. In the current marketing year amounted to exports for wheat on a total of 30,672 million tonnes (previous year comparison value: 30,102 million tons).

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