A world wide supply situation with wheat and Red sign in the soybean and corn complex caused moderate reductions include the wheat prices yesterday in Chicago. Algerian Government grain purchasers OAIC bought 500,000 to grinding wheat of optional origin at a price of 187 and 188 USD/to including cost and freight. The delivery is scheduled in July and probably comes from France.
The e-CBoT wheat is today tomorrow slightly firmer.
In a rather sluggish trade, the Weizenfutures on Euronext in Paris could elude the negative requirements from overseas. The French consulting firm FranceAgriMer increased its estimate for 2015/16 wheat exports to countries outside the EU from 11.5 to 12 Mio.to. The closing stock of soft wheat in France should fall the company according to the 30.06.2016 on 3.9 Mio.to, last month it was estimated more 1 Mio.to.
