Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 04, 2013 11:10:28

Wheat is beginning to reflect from the bottom

ColosseumThe price of wheat in the previous week did not deviate in any way from its trend. You could say that about the second half of last December's price falls short breaks only. At the beginning of last week, the price has got so low that attacked an eight-month low. Contributed to this speculation, according to which the snow storm that hit last week, the Great Plains, wheat crops can help in this area. It was the Great Plains from 19 February unusual hit by drought. This drought is related to 91% of the northern and central parts of the Great Plains. In the second half týdneand # 160, and especially on Friday but wheat losses smazala.and # 160; This was expected to potentially higher demand for wheat from producers of compound feed. They would wheat could substitute massively utilized more often, but more expensive corn. This result is just the current low price of wheat.The May CBOT wheat ended on Friday a growth rate of 6 centůand # 160, to 720.5 cents per bushel. and # 160;

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