Prospects of much-needed rainfall in the drought-plagued US plains, weekend profit-taking after three course price gains, good start conditions for summer wheat sowning and losses at the soybean and corn complex led to heavy losses in wheat futures on Friday in Chicago , In the past week, the SRW wheat lost 1.9% in value. Institutional investors sold 7,000 lots of CBoT SRW wheat on Friday. The eCBoT is firmer this morning as announced rainfall did not reach the driest regions. At Euronext in Paris, the wheat futures followed the negative overseas guidance and also closed with losses. Good weather conditions in Europe also created downward pressure. The losses were limited by the weaker exchange rate of the euro, which improves the competitiveness of euro area wheat on the world market. The French agricultural consultancy FranceAgriMer awards the top rating "good to excellent" as of 16 April for 78% of French winter wheat stocks. This makes the ratings stable for the fourth time in a row. The railway strike in France remains the focus of market participants.It is feared that longer interruptions could harm domestic consumers and exporting companies.
