Wheat prices in Chicago yesterday were the weakest link in the agricultural complex, yet slightly increased the rates. The market received support from the significant premiums for the soy and corn complex. A world wide supply situation with wheat, as well as the continuing harvest pressure in the United States but limited the gains. Fund companies bought yesterday 500 lots CBoT SRW wheat. The electronic exchange of the night is slightly tighter to the hour.
On Euronext Paris, the Weizenfutures followed the good requirements from overseas and increased the rates on all dates. However, the daily maximum could be held. In the tender of Algeria, France could have left because of the feared bad qualities. The Russian SovEcon consultancy increased its estimate for the Russian wheat crop of 64.4 million tonnes 66.1 million tons. Last year, 61 million tons of wheat were harvested in Russia. Syria's State-run grain import agency Hoboob has published a tender for the purchase of 200,000 metric tons of soft wheat.
