The world wide supply situation, improved growing conditions in the United States and the stronger exchange rate of the US dollar against the euro made moderate reductions include the wheat prices yesterday in Chicago. With a total 568.300 tons of wheat were the weekly U.S. export sales in line with market expectations of 300,000 to 700,000 tons. Institutional investors increased their holdings of net short positions to 2,000 slots CBoT SRW wheat. This morning the eCBoT is moderately firm. Inconsistently, the Weizenfutures on the Euronext in Paris ended yesterday's trading day. Buying interest from the industry and the slightly weaker euro supported the market. The front month may reached its lowest level for 7 weeks. European traders reported export transactions with a total volume of 202,000 tonnes of common wheat in the week up to the 21.03.17. Together with wheat flour, durum and durum Grist, exports to 19.2 million tonnes versus 22.3 million tons totaled in the previous year. They remain far behind as a result of the previous year thus. In the Hamburg-based spot market premiums for standard wheat with 12% remained protein content for delivery in April unchanged at €3.50 on Euronext Mai 17.
