Favorable weather conditions could include the wheat prices in Chicago yesterday with significant losses.
In the southern U.S. winter wheat growing area meteorologists expected good harvest weather after rain last led to delays. Views of rain improves the chances of a good development of the plants in the U.S. spring wheat growing areas. Funds increased their holdings of net short positions to 10,000 CBoT SRW wheat contracts. The weekly U.S. export inspections were 494.842 metric tons, above expectations of analysts. The electronic exchange of the night is inconsistently to the hour.
On the Euronext in Paris followed the wheat quotes the negative requirements from overseas and also closed with losses, after they initially acted on a 1-month high. The Ukraine has exported by 2015/16 so far 36.5 million tons of grain in the season. Included are 15.5 million tons of wheat. In parts of France, especially in the North, much rain has fallen since the weekend. There increases the risk of yield and quality losses.
