Grain mail

Technical sales, weak demand for U.S. wheat on the world market and good harvest weather in the Midwest of the United States were yesterday in Chicago has been the ninth day in a row with losses close the wheat prices. Also the prices for Kansas City and Minneapolis wheat are further under pressure. Institutional investors reduced their holdings of net long positions again to 6,000 contracts. The weekly U.S. export sales will be published today at 14:30. Analyst estimates in a range of 200,000 400,000 tons. The electronic exchange of the night is today tomorrow slightly firmer.
As a result of the negative requirements from overseas, the good harvest progress in Europe, as well as the weak international demand for European wheat, wheat prices on the Euronext in Paris also came under pressure and also closed with losses. The French analyst Agritel has reduced its forecast of German wheat crop to 24.9 million tonnes.

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