Technical purchases and short covers left yesterday in Chicago to be wheat prices with hefty price premiums. Also the Kansas City and Minneapolis wheat closed significantly tighter. Good growing conditions in the northern U.S. Plains, as well as the weak export demand for U.S. wheat limited growth however. Fund companies reduced their holdings of net short positions to 7,000 CBoT SRW wheat contracts. The hour is the electronic exchange of the night with slight losses. On the Euronext in Paris, joined the wheat prices as a result of good requirements from overseas, the weak euro to the U.S. dollar, as well as the uncertainty about the effects of the heavy rains since the weekend in France also with powerful serves and reached its highest level since 6 weeks. The EU granted export licenses for 633.000 tonnes of wheat. Thus it is only 935.000 tons or 3% behind the results of the previous year at the same time with 28.86 million tons this marketing year.
