Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 29, 2012 15:49:28

Weather forecast price precipitated soy, Russia will reap less wheat

ColosseumSoybean price during today's trading continues to drop after the weather forecast from South America allows rainfall that could help local farmers. Commodity Weather Group expects that in major growing regions in Brazil could in the next 5 days to fall to 3.2 inch of rainfall. Countries in this year overtake the United States had the position of the largest grower and exporter of soybeans in the world. Commodity price declines by 0.93% (14.5 cents) to 1549.25 cents per bushel. On the market in cereals noteworthy statistics from Russia, which last season was the third largest exporter of wheat in the world. The local farmers harvested according to official figures, at 26 October 39.6 million tons of wheat, which is a decrease of 33%. Harvested is approximately 99% of the crop. Wheat prices rising by 0.2% (1.75 cents) to 865.5 cents per bushel. and # 160;

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