05.
08.15
08:49

Grain mail

The wheat prices yesterday in Chicago with tees close technical sales, strong competition on the export market as well as losses at the Kansas City and Minneapolis wheat. Institutional investors reduced their holdings in net long positions to 4000 contracts. Russia's Agriculture Ministry will begin from August 11th with cereal intervention purchases. The plan is a volume of 2 million tonnes for the marketing year 2015/16. The Ministry buys grain on the domestic market from time to time to to refresh the public cereal stocks. The European Commission has lowered its forecast of the EU wheat harvest from 139,95 million tonnes to 139,45 million tonnes.
The electronic exchange of the night is today morning with moderate premiums.
On Paris Euronext the Weizenfutures could escape the negative requirements from overseas and prices increased slightly.

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