Short covering by fund companies, as well as a weaker U.S. dollar made yesterday at the CBoT wheat prices for slight gains. The weekly US export figures were 489.500 to wheat in line with market expectations. The electronic exchange of the night in Chincago is today tomorrow weaker.
The stable trend on the Paris MATIF is established with uncertainties about the settlement of the September date. There are speculations that the recent wheat imports in France are intended for physical delivery of exchange contracts. The EU so far awarded export licenses for 538,000 to wheat in the Vermarktungssaison 2016/17. Sunny weather a speedy progress now enables the wheat harvest in Germany after rainfall caused delays in the past few weeks. Rains are again on the weekend. The quality is mixed; There's something of everything, overall, there is probably a decent wheat harvest in Germany.
