A world wide supply situation with wheat
as well as weaker financial markets wheat prices settled yesterday in Chicago with tees close. The weekly US export inspection templates with 301.271 tons of wheat at the bottom of market expectations. Institutional investors increased their holdings of net short positions to 3,000 CBoT wheat contracts. The electronic exchange of the night is today tomorrow slightly weaker.
On the Euronext in Paris were the Weizenfutures does not escape the negative requirements from overseas and eased on all dates. The downside potential was limited to European wheat by the recently weaker euro and strong export demand. Its forecast of average wheat yields 2016 leave monitoring service which has EU (MARS) in the European Union unchanged on 6,11 tons per hectare of crop. The new forecast is 2.6% below the previous year's result, but 4.8% above the 5-year average.
Premiums in Hamburg = 10.5 EUR/to see December 2016.
