In the US plains, the announced precipitation was much lower than expected and the question arises, how much this will affect the condition of winter wheat stocks. Speculation about it will probably continue until the next publication of the ratings on Monday evening. Dry weather is expected for the coming week. In addition, falling wheat stocks in Russia provide support. All three US wheat futures closed yesterday. Today at 14:30, the USDA publishes weekly US export sales. Analysts expect exports in a range of 100,000 - 550,000 tons of US wheat. Institutional investors yesterday bought 6,500 lots of CBoT SRW wheat. The eCBoT is trading again with winnings. At Euronext in Paris, the wheat futures followed the improved overseas guidance and closed unchanged from weaker to moderately firmer. In Western Europe, the summer weather ensures good sowing and growth conditions. The railroad strike in France continues to cause disruptions, but these are currently not too great.Algeria's state-owned grain agency OAIC yesterday announced an international tender to buy Durum wheat of optional origin for delivery in July.
