Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 15, 2012 10:08:28

Wheat continued its correction

ColosseumFor the third consecutive trading session on Tuesday went to the Stock Exchange Chicago Board of Trade wheat prices down because of fears that foreign buyers will have to respond to high prices is less interested in American production. For example, Egypt announced that it purchased 60 000 tonnes of wheat weight from Russia for $ 313 per tonne and the same volume from Ukraine at $ 313.88 per tonne. U.S. company Cargill, according to Bloomberg sources enrolled in the tender with a price of about $ 30 per tonne higher. The surge in prices on the CBOT due to drought in key growing areas of the United States is also reflected lower demand from farmers who need grain for fattening animals. Over the last three trading session price of wheat fell by 7.4 percent. Yesterday's session at the December CBOT contract closed at 858.25 cents worth per bushel. and # 160;

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