Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 08, 2013 12:12:34

Wheat grew to a weekly maximum

ColosseumThe May futures contract for wheat strengthened during the last trading session last week in response to reports that China is preparing for the recent decline in prices buy 16 costs totaling up to 960,000 metric tons. According to the U.S. Department of Agriculture will increase China import wheat this marketing year ending June 30, about 9% of the total 3.2 million metric tons, the highest volume last eight years. Futures on the May wheat with the delivery strengthened during Friday's session on the exchange CBOT belonging to the CME about 5 cents on the closing price of 699 cents per bushel.

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