Positions ahead of today's USDA report and news of welcome settlements in the US plains and in Russia caused a modest loss in Chicago yesterday. Today at 6 pm, the US Department of Agriculture publishes the monthly WASDE report. Analysts expect a moderate reduction in global end-of-wheat stocks for the 2018/19 marketing period to 269.18 million tonnes (2017/18: 271 million tonnes). Expectations for US 2018/19 final wheat stocks averaged 0.930 billion bushels (Estimated range: 0.780 - 1.075 billion bushels Institutional investors yesterday sold 4,000 lots of CBoT SRW wheat.) At present, eCBoT is almost unchanged from the previous day In Euronext in Paris, wheat futures were unable to escape downward pressure and closed with the exception of the expiring May maturity, with the weak euro exchange rate limiting losses Institutional investors in Euronext in Paris reduced their holdings of net short positions in Last week from 22,401 to 7,077 lots on the cash market in Hamburg, the quotations for wheat with 12% protein for delivery in May rose by € 0.50 to € 4.50 on May 18.
