The continuing harvest pressure in the United States, as well as weak demand for U.S. wheat export market were yesterday close the wheat prices in Chicago with moderate losses. Fund companies sold yesterday 1,250 lots CBoT SRW wheat. Today at 14:30, the USDA published the weekly U.S. export sales. Analysts expect wheat exports in the marketing year 2016/17 of 400,000 600,000 tonnes. The electronic exchange of the night is fixed to the hour.
The Weizenfutures could attach to the Euronext in Paris despite the negative requirements from overseas on all dates. Rainy weather in parts of France and Germany further increased the uncertainty and worry about the quality of the wheat crop.
31,294 million tons, EU wheat exports in the marketing year 2015/16 missed just the result of the marketing year 2014/15 (31,337 million tons). For 2016/17, the European Commission granted export licenses for 209.000 tons of wheat so far.
