Short-covering by fund companies, as well as good weekly US exports had profits close the wheat prices in Chicago on Friday. Fears about loss of income in Western Europe due to the heavy rains in recent days also gave support to the market. The front month July 3% increased compared week. With a total 492.400 tons of wheat were the weekly U.S. export sales at the top of market expectations. Fund companies reduced their holdings of net short positions to 8,500 CBoT SRW wheat contracts. Algeria OAIC bought 430,000 tonnes of milling wheat of optional origin within the framework of an international tender procedure. The eCBoT is today morning firmer. On the Euronext in Paris, could follow the Weizenfutures the good requirements from overseas and recorded premiums on all dates. The condition of the winter wheat stocks in France has deteriorated slightly in the past week. 81% of the plants received the rating "good" to "excellent". In the previous week, still 83% received this rating.
