CBoT wheat prices leave your 2-week high range

The courses of the Chicago wheat contract slightly pressurized to the hour. After the market has climbed a two-week high last week because demand for U.S. wheat was very good, the realization that the world market is very well supplied outweighs this morning.
Buyers have a variety of options, where you can buy their wheat. The broker in Australia see currently no chance, that the fundamental situation improves and prices improve.
On Monday, Saudi Arabia bought 725,000 tons of durum wheat. The United States will probably deliver a part of it although there are elsewhere cheaper offers.
The price for Russian export wheat fell last week due to shipping charge problems due to stormy weather in the Black Sea ports, as well as wheat prices falling after the last USDA - report.

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