Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 10, 2012 10:08:28

Wheat in anticipation of tomorrow's report wasd



ColosseumFor the second time in a row this week grew in yesterday's trading session on the Stock Exchange Chicago Board of Trade CME Group within the most active futures contract price for wheat. This was due to speculation, by which the U.S. Department of Agriculture (USDA) in its monthly report, the WASD report, which will be published in the course of the day tomorrow, reducing its forecast for global inventory volume for the period 2012/2013. The reason is the drought, which adversely affected the production of wheat from Russia to Australia. Analysts polled by Bloomberg expect the final volume of stocks of wheat before harvest in the next year to reach 172.77 million metric tons, 2.2% less than the USDA estimate in September. Wheat futures on the December delivery date strengthened during yesterday's trading session on the exchange CBOT by 0.4% to the closing price of 864.25 cents per bushel.Growth in wheat prices also accompanies today, about 5.75 yet 870 cents per bushel.

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