With price gains, the wheat quotes in Chicago started the new week. Weather services expect frosty temperatures in the US Plains next week. There it is currently too dry and there is no protective blanket for the winter wheat stocks. Short-caps of institutional investors, who hold a very large number of short positions, additionally supported the market. At the moment is the electronic night market with further moderate price surcharges. The wheat quotations on Euronext in Paris benefited from the positive overseas guidance and also ended the trading day with gains. Prices for Russian export wheat fell last week as competition for customer Egypt has intensified. The Russian Deputy Minister of Agriculture estimates export potential at 40 million tons of wheat in the 2017/18 season. At the cash market in Germany and in France, the activities are just before Christmas thin. In Hamburg, the quotations for standard wheat with 12% protein for delivery in January at 3.50 euros on Paris March 18. For feed wheat in South Oldenburg, the offers are still higher, at 173.50 euros.
