Wheat prices in Chicago closed the fourth day in a row yesterday with losses. Progressive harvesting operations in the United States, weak financial markets as well as technical sales negatively impacted the market. Funds increased their holdings of net short positions to 7,000 lots CBoT SRW wheat. The hour is the eCBoT at almost the same level.
On the Euronext in Paris, followed the Weizenfutures the negative requirements from overseas and gave strong on all dates. In France, the voices of those who believe that the recent price rise could be exaggerated there is growing. Australia ABARES increased its estimate for the upcoming grain harvest due to favorable conditions of vegetation. Expect a harvest volume of 25.4 million tons in 2017 (previous estimate: 24.5 million metric tons). If the new estimate is true, which is the largest wheat harvest since 2012/13. Eagerly, the Fed today's interest rate decision and the outcome of the referendum of the British to the possible BREXIT are expected on June 23.
