Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 17, 2012 11:41:28

Reports on the decline of Russian wheat stocks support

ColosseumPrice of wheat during today's trading is heading back up. Support are reports from Russia about low inventories. Furthermore, fear of adverse weather in Australia, which could threaten local crops. The December contract strengthened by 0.9% to 8.895 dollars a bushel. August 1 fell to the Russian supplies of cereals and grain by 15%. Attracts the attention of investors but also Australia, where bad weather could threaten crops. ANZ Banking Group estimates the probability of the climate phenomenon El Nino to 80%, thus leading to drought and lower crop. and # 160;

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