Wheat prices in Chicago yesterday were the weakest link in the agricultural complex and eased further. The advancing U.S. wheat crop, a world wide supply situation with wheat, the stronger U.S. dollar and negative requirements of the Kansas City and Minneapolis wheat impacted the market. With 511.701 tons of wheat were the weekly U.S. export inspections in line with market expectations. Fund companies sold yesterday 5,000 lots CBoT SRW wheat. The electronic exchange of the night is fixed to the hour.
The Weizenfutures despite the negative requirements from overseas could attach easily to the Euronext in Paris. The weakness of the euro, which has a positive effect on the competitiveness of European wheat in the export market, gave support to the courses. The rainfall in parts of France and Germany at the weekend and forecasts of continued rainy weather increasingly endanger the quality of the wheat stocks. Premiums in Hamburg delivery September = 2,00 euro/to about December 2016.
