Wheat prices in Chicago were the strongest link in the agricultural complex yesterday and the courses were set to moderate. Short-covering by fund companies gave support to the market. With 560.598 tons of wheat were the weekly U.S. export inspections exceeded market expectations of 350,000 550,000 tons. Fund companies reduced their holdings of net short positions to 2,000 slots CBoT SRW wheat.
At the time, the electronic exchange of the night is slightly weaker. On Euronext Paris, the Weizenfutures due to the slightly improved specifications from overseas recovering from their lows of the day and closed with only moderate reductions. The front dates September 2016 rose even minimally. The grain Association Coceral yesterday increased its forecast of soft wheat production in the EU of 145,2 million tons (March forecast) to 148 million tonnes. Thus she would be further behind as a result of the previous year by 150.3 million tons. Agritel appreciates French soft wheat harvest on a volume of 37,26 million tons this year.
