Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 01, 2013 12:12:28

Wheat weakened in response to the low export

ColosseumThe biggest drop in prices in the past week recorded in yesterday's trading session on the Stock Exchange Chicago Board of Trade CME Group within the most active futures contract for wheat. It was a reaction to the government report, according to which the said commodity exports declined from U.S. up to 40%. U.S. Department of Agriculture report showed that the export of wheat from the U.S. fell in the week ending January 24 at 387,877 metric tons. In the previous week, while the United States exported 647,545 metric tons. From June 1 last year, the volume of wheat exports have decreased overall by 11% compared to the same period of the previous year. Wheat futures with delivery date in March concluded yesterday trading session on the exchange CBOT depreciation by 1% to the closing price of 779.5 cents per bushel.

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