Technical purchases following the losses of recent days caused wheat prices to close slightly in Chicago yesterday in Chicago. The ratings of winter wheat stocks in the US Plains have continued to deteriorate. In Kansas state, only 11% of the stands received the highest score (previous week: 12%). In Texas and Oklahoma, too, the percentage of top-rated crops dropped to 10% (Texas) and 5% (Oklahoma), respectively. Institutional investors yesterday bought 2,500 lots of CBoT SRW wheat. However, the eCBoT is again weak this morning. At Euronext in Paris, wheat futures benefited from positive overseas sentiment and also closed with moderate gains. The decline in the exchange rate between the euro and the US dollar also gave the market a boost. In France, a planned rail strike in some regions could lead to logistical delays. At the cash market in Hamburg, the premiums for wheat with 12% protein have risen by 50 cents. Quotations for delivery in March are 4.0 Euro over Paris May 18. The short window for summer wheat sowing is causing some market participants in Germany some worries.
