After you U.S. the heavy rain events of the last few days more or less put away winter wheat stocks, the CBoT Weizenfutures record again under the five-dollar mark on a two-week low. Now, the farmers hope again on a great harvest. Yesterday the front month declined 1.2% again; $4.87 / bushel, the courses can keep up this morning but. Brokers in Tokyo expect but more losses to under $4.80 / bushel.
This morning we learned that Egypt once again makes a tender for a lot of unspecified called wheat for delivery from July 1 to 10. In the recent tenders had mostly black sea or suppliers from the EU the nose front.
Meanwhile, it is to hear that there is no high yields are expected the Russian wheat export region of Rostov. Already last fall, it was too dry and also for the next few weeks to report hot and dry weather. In Krasnodar, the largest export region for Russian wheat, it is too dry.
