Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 06, 2013 14:16:28

Wheat continues to weaken fifth

ColosseumThe longest drop in prices for the last seven weeks continued in yesterday's trading session in weakening the most active futures contract for wheat on the Chicago Board of Exchange Trade within the CME group. It was a response to the speculation, according to which there are currently stocks of wheat in the U.S. more than the estimated U.S. Department of Agriculture (USDA) in the January WASD report. According to Bloomberg, an independent estimate could supply mentioned commodities reach 717 million bushels. The January USDA estimate was 716 million. WASD new report will be published this week, namely on February 8. Along with wheat expect analysts polled by Bloomberg increase stocks of maize in the U.S. wheat futures to the March delivery date weakened during yesterday's trading session on the exchange CBOT 0.7% to the closing price of 757.5 cents per bushel.It was the fourth consecutive decline in wheat prices and the weakening continues also today's date.

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