Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 08, 2013 08:35:28

Wheat strengthened the most in seven weeks

ColosseumAfter the U.S. Department of Agriculture report pointed out that the export of wheat from the United States rose to two-month highs, the price of grain yesterday jumped the most since 15 January of this year. In the week ending 28th February U.S. exporters sold 828,051 tons of wheat. It was a full 58% more than a week earlier. The increase in demand is mainly present relatively low prices of this commodity. The price of wheat is from the beginning of the year until yesterday, fell by 12%. May wheat futures on the Chicago CBOT yesterday closed 1.7% higher at 695.50 cents per bushel.

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