Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 05, 2013 15:49:28

Wheat declined in response to weak sales

ColosseumThe decline in prices seen in yesterday's trading session on the Stock Exchange Chicago Board of Trade CME Group within the most active futures contract for wheat in response to lower export sales and favorable weather, which in turn, might improve the condition of grain in the Great Plains in the U.S. According to the U.S. Department of Agriculture, the volume of export sales in the week ending March 28 to 315,984 metric tons. However, in the week preceding the sale amounted to 828,624 tons. Wheat futures on the May delivery date weakened during yesterday's session at the exchange CBOT by 2.5 cents to the closing price of 694 cents per bushel.

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