Positive requirements of the Kansas City and Minneapolis wheat and short covering by funds, gains in soybean and corn complex were in Chicago on a two-week high close yesterday the wheat prices.
In parts of the Midwest and the plains of the US feared due to high rainfall quality problems. The condition of the US winter wheat stocks has but hardly changed compared to the previous week. 62% of stocks is located in good to excellent condition (unchanged versus the previous week). With 367.881 tons of wheat, the weekly U.S. export Inspectionen templates at the bottom of market expectations.
At the hour the eCBoT is easily fixed.
On the Euronext in Paris followed the Weizenfutures the good requirements from overseas and could put further on all dates. The German Raiffeisen Federation predicts a decline of 3.7% to 25.57 million tonnes for the German wheat crop 2016. Mid-April one was expecting a wheat harvest of 26.1 million tons.
