Wheat prices in Chicago were the weakest link in the agricultural complex yesterday and gave way. Technical sales as well as a world wide supply situation with wheat exerted pressure. The weekly U.S. export inspections were 625.154 tons of wheat above market expectations of 400,000 600,000 tons. Saudi of Arabia State grain agency SAGO (Saudi grains organization) tells that in the framework of an international tender procedure she bought 640,000 tonnes of durum wheat for delivery in October/November, sellers option. Accepted origins: European Union, North America, South America, Australia. Funds increased their holdings of net short positions to 1,500 slots CBoT SRW wheat yesterday. The eCBoT is today tomorrow slightly weaker. On the Euronext in Paris, followed the Weizenfutures the negative requirements from overseas and caved in on all dates. Better weather conditions allow the resumption of harvest activities in many regions this weekend and for the current week. Premiums in HH for wheat with 12% protein content for delivery in Sept: €1.00 on Dec. 16.
