Colosseum a.s. (Colosseum a.s.)
Commodities  |  July 23, 2012 14:47:28

Wheat approached a four-year highs



ColosseumThe increase in prices to a level nearly four-year highs seen during the past week the stock market wheat Chicago Board of Trade within the group CME. The price of wheat since the mid-wife up this June drought in key growing areas of the United States. According to the U.S. National Climatic Data Center are referred to the worst drought since 1956. According to recent forecasts of rainfall to be in the areas of the Great Plains in the U.S. over the next ten days is negligible. Unusual drought plagued the crop in Australia and Russia. The most active September contract wheat strengthened during the past week, a total of 95.50 cents per bushel. During the last trading session of last week reached the most active contract on the price of wheat up to 944.75 cents per bushel, the highest level since 21 August 2008. Since mid-June this year has strengthened the price of wheat by 49 percent.

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