Technical purchases after 8 sessions in a row with losses as well as positioning ahead of the extended weekend (Monday US-labor day) wheat prices settled yesterday in Chicago with good profits close. The weekly U.S. export sales remained with only 279.400 tonnes wheat behind market expectations of 300,000 600,000 tons. Fund companies reduced their holdings of net short positions to 3,000 lots CBoT SRW wheat. At the time, the electronic exchange of the night is again with slight surcharges.
On Euronext Paris, the Weizenfutures benefited from the good requirements from overseas and were also firmer. The European Commission granted export licenses for 523.000 tons of wheat in the week up to the 30.08.16. With a total of 4,542 million tonnes, wheat export licenses are in the current marketing year as a result of the previous year at the same time of 3,337 million tons.
In Hamburg the standard wheat premiums 12% decreased protein content delivery September € 0.50 to € 2.00 on December 16.
