Technical sales, harvest pressure in the United States, and expected record harvests in the U.S. Plains and Midwest were yesterday in Chicago to close the wheat prices with significant losses. Today at 14:30, the USDA published the weekly U.S. export sales. Analysts expect wheat exports for 2016/17 by 300,000 600,000 tons. Also today at 6: 00 will be the USDA estimates of quarterly stocks (anticipation: 0,953-1,000 billion bushels wheat) and the acreage (anticipation: 48,800-53,916 million acres wheat) published. Funds increased their holdings of net short positions to 5,500 lots CBoT SRW wheat. The eCBoT is today tomorrow slightly firmer. Also the Weizenfutures on the Euronext in Paris eased further in the wake of the negative requirements from overseas. The European umbrella organization of the grain traders Coceral increased his forecast for the 2016er soft wheat harvest in the EU by 145,2 million tons to 148 million tonnes (2015: 150,3 million tons). Premiums in Hamburg delivery September = 2,50 euro/to through December 2016.
