Wheat prices in Chicago could fix easily yesterday on the front dates. Otherwise, the quarterly report and the ongoing U.S. wheat crop weighed the market. The USDA estimated quarterly U.S. wheat stocks at 981 million bushels, Analyst estimates were in a span of 953 million bushels to 1 billion bushels. The wheat acreage was estimated at 50,816 million acres and was also in line with expectations (48,800-53,916 million acres). With 645.400 tons of wheat were the weekly U.S. export sales above expectations of 300,000 600,000 tons. Fund companies reduced their holdings of net short positions to 2,500 slots CBoT SRW wheat. At the hour the eCBoT is weaker. On Euronext Paris continued the downward trend in the Weizenfutures and prices eased further on all dates. The EU Commission granted export licenses for 490,000 tons of wheat for the marketing year 2015/16 per 28.06. For the remaining two days of the season, still licenses for 188,000 tons would have to be granted to achieve the previous year's result of 31,337 million tons.
