A weak international demand for U.S. wheat, as well as large global crop expectations left on a 2-week low yesterday close the wheat prices in Chicago. Ukrainian wheat harvest will be bigger than in the previous year (23.5 Mio.to) according to Reuters estimates, with 26.4 million to. The U.S. agricultural Attaché in Australia according to the next wheat harvest there will include 26 Mio.to (2015/16: 24.5 Mio.to). The e-CBoT is fixed to the hour all agricultural contracts.
The later dates had to accept losses on Euronext in Paris. In the last reporting period, the EU Commission issued export licenses for 826.000 to wheat. With a total 1.814.000 to the wheat export licences issued are in the new marketing year, which began on July 1, about the result of the previous year at the same time by 1,262 Mio.to. Uncertainties about the amount and quality of the EU cereals crop after many rain in spring supports the courses of the front futures contracts.
