The wheat prices yesterday in Chicago the front dates with losses close to the advancing U.S. winter wheat crop, a world wide supply situation with wheat as well as weak financial markets. The weekly U.S. export inspections were 363.803 tons of wheat in line with market expectations. The private analyst of Informa economics increased its forecast of the total U.S. wheat growing area 2016 49,994 million acres to 50.2 million acres. Funds increased their holdings of net short positions to 4,000 slots CBoT SRW wheat.
At the time, the electronic exchange of the night is weaker.
Wheat prices closed also inconsistently on Euronext in Paris. In France, the conditions for the wheat stocks are not optimal. Weather services forecast wet weather for the coming days. Also the disease pressure and lack of sunlight for proper plant development. Egypt finished its year's intervention by locally produced wheat already next Wednesday, so earlier than usual in other years.
