Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 05, 2013 08:35:33

Wheat weakened in anticipation of strong stocks

ColosseumYesterday, the price of wheat in Chicago got to the eight-month low after analysts polled by Bloomberg predicted an even larger increase in inventories of wheat in the U.S. than indicated earlier government report. U.S. Department of Agriculture predicted stocks of wheat before harvest's season this year at 691 million bushels, but analysts expect stocks reach of up to 702 million bushels. The weather will soon seem wheat desire. Around 8 March would be in the Great Plains, where important region to fall to 3.8 inches of rain. The May wheat on the CBOT yesterday fell 2.5% to 705.50 cents per bushel. and # 160;

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