Short covering by funds, good weekly US exports as well as significant gains in soybean and corn complex left with good spreads close also the wheat prices in Chicago on Friday. Wheat prices by 1.3% rise compared to the previous week. The weekly U.S. export sales were 825.300 tons of US wheat above market expectations of 400,000 600,000 tonnes. Fund companies bought 3,750 slots CBoT SRW wheat on Friday. The electronic exchange of the night is today tomorrow slightly firmer.
On the Euronext in Paris, followed the Weizenfutures the good requirements from overseas and could well put on all dates. The State of French grain stocks has further deteriorated in the last week. Only 59% of the soft wheat stocks received the rating "good" to "excellent" (last week: 65%). The European Commission reduced its forecast of usable wheat production in the European Union of 145.1 million tons (June forecast) to 144.6 million tonnes.
