Grain mail

Technical purchases, short covers by fund companies and the weaker US dollar made gains include the wheat prices in Chicago yesterday. Tethering worked but the high wheat stocks from the old crop and weak export demand. The weekly U.S. export inspections were lower than the expected 300,000-500,000 tons with 276.205 tons of U.S. wheat. U.S. weather services expect no significant threat at the US winter wheat due to frost damage. The hour is the electronic Nachbörse with slight surcharges. On Euronext Paris, the dates of the ancient harvest ended the trading day unchanged until slightly firm, the dates of the new harvest closed with slight losses. The higher euro reduces the competitiveness of wheat from the euro area export market. In Hamburg, premiums for standard wheat with 12% decreased protein content delivery January to € 3.50 on Euronext März 17. Several shipments for Algeria are expected in the coming weeks. To keep the load of German ports, are however more export business needed. Warmer weather reduces the risk of frost damage.

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