Sales by fund companies as a result of the significant losses in the soybean and corn complex, as well as a world wide supply situation allowed weaker close the wheat prices yesterday in Chicago. In the electronic exchange of the night, the rates recover today tomorrow easily.
The Weizenfutures on the Euronext in Paris followed the weaker requirements from overseas but weak revenues in France, limited the losses. Analysts currently expect a 10% off smaller wheat crop in France. The French consulting firm Agritel estimates the German wheat crop 2016 to 26.03 million tons. Only 1.9% are less than in the previous year. In North Germany's export region, the wheat harvest begins in about 10 days. The market is looking forward, as the quality goes down. The result is significantly affected, how much rain falls in the next few days. The premiums of the Hamburger market have fallen yesterday to 1.5 euros via Paris.
