The courses of the CBoT Weizenfutures move yesterday and this morning on a 2-week low. The courses had fallen yesterday to 4.2%, because the seed level report which better U.S. failed Government, expected by the market.
Today morning is from Australia commented that the rainfall in the United States as a whole have a positive impact on the Habitat of the hard red winter wheat have, even though it had caused damage in some places. The weekly report of the USDA to cultivation, promoting and U.S. grain and oilseed stocks fell a stock valuation of the relevant overall better off because now all beautiful spring weather the seed development development. 45% of U.S. winter wheat were exactly as in the previous week, with "good to excellent" rated. Last year, there were 30% on the same date. The summer wheat was 69% good to excellent even to 4% better than in the previous week. Market participants had expected a deterioration after the heavy rains in the southern States. In the Northern States of the United States, the rainfall had but consistently positive influence.
The strong U.S. dollar has also a bärischen impact on wheat prices. U.S. commodities become more expensive for importers from countries with other currencies. The price of the greenback rose to an eight-year high against the Japanese yen.
