30.
05.16
09:14

Grain mail

Wheat prices in Chicago ended the last day of the trading week ahead of the extended weekend to virtually the same level the previous day. Compared to the previous week they increased by 2.9% and 13.75 cents respectively. Funds increased their holdings of net short positions to 1,000 CBoT SRW wheat contracts. Today the US stock markets as a result of "Memorial Day" a holiday will be closed. With the launch of the electronic exchange of the night, trading agricultural commodities begins tomorrow morning at 02:00. Wheat prices closed with slight losses on Euronext in Paris. The EU Commission has sharply raised its crop estimate for wheat, but at the same time reduces the expected closing stock in the next marketing period, the extra offering should lead to a larger volume of exports. Estimates the wheat harvest, 2016 to 145.1 million tons, it was from 142.8 million tonnes in the previous month. Thus the harvest estimate but still well below the production remains in 2015, which stood at 151,6 million tons.

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