Grain mail

Mixed, wheat prices in Chicago closed trading on Friday. Technical buying by investment funds, as well as positive requirements of the Kansas City and Minneapolis wheat supported the front forward. The later dates eased as a result of good harvest weather in the southern U.S. Plains. South Korea's Daehan flour mill co. bought 50,000 tons of wheat in the United States to send in a tender procedure in October. Even South Korea's KFMC (Korea flour mills Corp.) bought 23.050 tons of wheat in the United States for shipment in October/November. Institutional investors kept their holdings of net short positions on virtually the same level.
The e-CBoT is today tomorrow minimal fixed.
The Weizenfutures on the Euronext in Paris could contend in a rather sluggish trading and prices increased slightly on all dates. The State of French soft wheat stocks has deteriorated slightly. In the week of June 15 85% of stocks received an assessment from "good" to "excellent" (last week: 87%).

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