The wheat futures in Chicago yesterday were the weakest link in the agricultural complex and closed with significant losses. Improved weather prospects in some US wheat-growing regions, but also in Ukraine and Russia weighed on the market. The US weekly export inspection totaled 404,180 tons of wheat in line with market expectations of 250,000 - 500,000 tons. After close of trading, the USDA released the weekly crop progress report. Accordingly, 36% of US winter wheat stocks are in top condition (previous week: 34%, previous year: 51%). Institutional investors yesterday sold 4,000 lots of CBoT SRW wheat. At the moment is the eCBoT with profits. The wheat futures on Euronext in Paris followed the negative overseas guidance and also ended the trading day with losses. The increased exchange rate of the euro created additional price pressure. On December maturity, the chart technical support line of € 174 was broken down. The next support is in the range of € 170 - € 172. At the cash market in Hamburg, the quotes for standard wheat with 12% protein for delivery in May remained unchanged at € 5 under Paris December 18.In Poland, prices for export wheat increased by 12.5% for immediate delivery by 5 zlotys to 715 zlotys / ton.
