Good global supply situation, technical sales, and a great Canadian wheat harvest resulted in yesterday at the wheat prices in Chicago again losses. According to Statistics Canada's latest estimate farmers in Canada have generated 30,49 million tons of wheat this year. Are 10.5% more than in 2015, and slightly more than analysts had expected. Funds increased their holdings of net short positions to 5,000 slots CBoT SRW wheat. The hour is the eCBoT at almost the same level.
On the Euronext in Paris could resist the pressure from overseas wheat prices and traded to the lowest level for more than 5 weeks. Egypt GASC has cancelled yesterday evening the wheat tender by August 22. Wheat for the delivery period 21 to 30 September was searched. Traders were surprised by the decision, because hours before negotiations were conducted with several suppliers. Therefore, reasons for the cancellation were not mentioned.
