The fast advancing U.S. winter wheat crop as well as hefty losses in the soybean and corn complex left with losses include also the wheat prices yesterday in Chicago. Firmer crude oil prices and a weaker U.S. dollar prevented greater discounts. The U.S. export inspections were 571.724 tons of wheat exceeded market expectations. Funds increased their holdings of net short positions to 4,000 slots SRW wheat. Saudi of Arabia SAGO grain agency bought 350,000 tons of wheat under an international tender procedure. The e-CBoT is today morning virtually unchanged. The Weizenfutures despite the negative requirements from overseas on all dates could easily put on Euronext in Paris. The EU crop monitoring service MARS raised its forecast of the EU has reduced soft wheat yields 2016 6,11 to. / ha at 6.07 to. / ha. 3.4% after the results of the previous year but so is 4.1% over the 5-year average. The CME has announced the introduction of a new EU Weizenfutures, which can be traded for the first time on September 12.
