Wheat prices in Chicago were yesterday again under pressure. Technical sales, the world's very good supply situation as well as the stronger dollar pushed the rate to a 10-year low.
Funds increased their holdings of net short positions to 3,000 lots CBoT SRW wheat. The electronic exchange of the night is today tomorrow slightly firmer.
On Euronext Paris, the Weizenfutures against the negative requirements from overseas loomed and the courses of the old crop grew. The market received support from the weaker euro. The European Commission has reduced 2016 their forecast of exploitable soft wheat production in the European Union 133.3 million tons. The forecast was still 144.5 million tonnes in the previous month. The prognosis of soft wheat stocks at the end of the marketing period has been reduced to 8.0 million tonnes (forecast in the previous month: 10.1 million tons). The export volume of 2016/17 is the estimate after 25.0 m tonnes. In Hamburg the standard wheat premiums 12% exceeded protein content delivery September € 2.50 December 16.
