Grain mail

Short covering by funds, technical buying after sharp losses of the previous day, as well as gains in soybean and corn complex left yesterday in Chicago to close the wheat prices with good serves. The USDA reports that 85% of the US winter wheat stocks were harvested by July 26. There were 75% in the previous week. Last year, the ratio at the same time was 82%. The U.S. summer wheat harvest has just begun. 2% of the holdings were harvested by July 26. Tunisia's State grain Agency has announced an international tender for the purchase of 134,000 tons of optional-origin wheat. The offer period ends on July 29. Institutional investors increased their holdings of net long positions to 5,000 contracts. At the time, the electronic exchange of the night is slightly weaker.
Also the Weizenfutures on Euronext in Paris could recover by the improved specifications from overseas and prices increased slightly on all dates. Rainfall delay the local wheat crop in parts of France.

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