Chicago wheat futures rose 4.2% on Friday. That was already the fourth day with price gains in a row. Once again, the drought in the southern US Plains and other major wheat-growing regions around the world became the focus of market participants. Hot temperatures stress the wheat stocks and cause further damage. In a weekly comparison, SRW wheat rose by 3.9%. Institutional investors bought 15,000 lots of CBoT SRW wheat on Friday. Iraq's state grain exchange bought 100,000 tons of durum wheat on Friday, of which 50,000 tons from the United States. At the moment is the electronic night market with other surcharges. At the Euronext in Paris, the wheat futures followed the positive overseas guidance and also increased strongly. Support came from the weak euro. Today is traded on the Euronext in Paris and also on the CBoT. Due to the holiday and the absence of most traders in Germany and France, however, weaker sales are expected. The cash market premiums in Hamburg were reduced. Buyers resisted the increase in wheat futures in Paris and the offer for bread wheat with 12% protein dropped to 7 - 8 € under Paris December 18.
