Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 06, 2012 08:35:28

Wheat weakened due to lower demand



ColosseumThe three-week low yesterday cheaper price of wheat futures contracts in Chicago. All because of lower than expected demand for this grain by cattle ranchers. They now give more priority to cheaper corn as feed for cattle. Corn is now is 6.9% lower than 10 August, when the price hit a record high. Conversely wheat in the same period declined by only 3.7%. The December CBOT wheat yesterday declined by 2.4% in the final 867.75 cents per bushel.

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