Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 03, 2010 10:01:01

CBOT wheat returns to growth again

Colosseum The growth rates recorded in yesterday's trading session on the Stock Exchange Chicago Board of Trade Leaders of December futures contract for wheat. This happened after the declaration of Russian Prime Minister Vladimir Putin, according to which the ban on the export of grain from Russia could be extended for up to 11 months. Originally, the ban on grain exports from Russia proclaimed the period from August 15 to 31.12. 2010, as a result of the worst droughts in Russia over the past 50 years, which is estimated to reduce this year's wheat production in this country to 60-65 million tons. The original estimate for the current year amounted to 97.1 million tonnes. These last few weeks has resulted in increased interest in U.S. stocks of wheat. In the period from June 1 to August 26 the foreign candidates bought 14.1 million metric tons of U.S. wheat compared with the previous year this represents an increase in export volume by 59%.The December futures contract for wheat strengthened in yesterday's trading session on the CBOT exchange by 5 cents (0.7%) on the closing price of 713.75 cents per bushel.

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