Positioning for the today's USDA report (18 h CET), negative guidelines from the soybean and corn complex, as well as the firmer dollar made yesterday in Chicago to close the wheat prices with losses. The weekly U.S. export inspections were 375.279 tons of wheat behind market expectations of 400,000 600,000 tonnes. Fund companies sold yesterday 3,000 lots CBoT SRW wheat. At the hour the eCBoT is easily fixed.
On Euronext Paris the upward trend has continued, and the Weizenfutures could secure 2016 for the dates of the harvest. The wheat stocks in France deteriorated in the past week. Poorer yields and qualities are expected. Egypt has set up yesterday evening einenTender for the purchase of wheat. Common wheat or milling wheat of a not specifically named set for the delivery period August 10 to 20 will be searched. Russian wheat prices fall since the end of last week, while the new crop of cereals on the market comes. Russia is the largest grain crop in the post Soviet era.
