Grain mail

The weak export demand for U.S. wheat, as well as the firmer dollar could close the wheat prices in Chicago yesterday with losses. Only the now expiring front month July closed with gains. With 249.787 tons of wheat were the weekly U.S. export inspections in line with market expectations of 200,000 350,000 tonnes. Morocco's State grain buyers ONICL has purchased 175,000 metric tons of wheat on the local market. The wheat is intended for the production of flour for the Government subsidy program. Algeria OAIC has once again a wheat tender written out. Wheat of optional origin for shipment will be searched in October. The offer period ends on July 15. Institutional investors kept their holdings of net long positions on virtually the same level. The hour is the e-CBoT with profits. On Euronext Paris, the Weizenfutures due to the ongoing harvest activities in Western Europe had to accept kräftigeVerluste. The recent heat wave has had a clearly less negative, than was first feared.

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