CBoT wheat prices remain at 6-year high

Because the expected rainfall in the Argentine wheat growing regions will probably not be productive enough, the prices of the CBoT wheat futures are rising again this morning.
The rainfalls in the Black Sea region and in the US plains were apparently not enough for the analysts to get out of the alarm mode.
Wheat prices in Chicago should not show a weekly profit because traders avoided a further increase by taking profits, but the price level remains at its six-year high.
Strong demand for agricultural commodities has been driving prices up for weeks.

Hansa Terminhandel GmbH
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