Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 07, 2013 15:49:28

Persistent rainfall outlook improves winter wheat crop in the U.S.

ColosseumAt the lowest level since June last year weakened in yesterday's trading session on the Stock Exchange Chicago Board of Trade CME Group within the most active futures contract for wheat. Under mentioned are mainly persistent rainfall in growing areas of the United States at the time, the end of the winter wheat and winter inactivity period coming vegetation. According to the U.S. National Weather Service has fallen in the area from south central Kansas, through Oklahoma, to Texas six times the projection for this period normal precipitation. According to the U.S. Department of Agriculture, of the total volume of wheat sown in Kansas on March 3 marked a sign of an excellent 24%, which is 1% more than in the previous week. Furthermore, in Oklahoma in the same period marked the highest grade and 16% of the total, which is 7% more than in the previous week.The above was the reason for the weakening of wheat prices in yesterday's trading session by 3.2% to the closing price of 683.75, the lowest since June last year.

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