18.
11.16
08:12

CBoT wheat prices under pressure for two weeks

CBoT-Weizenfutures losses are recorded arguably the second week in a row. For one, the exchange rate of the US dollar has strengthened, and on the other hand is in the hard-red winter regions of essential economic rain predicted.
Too much will not bring but there, but the temperatures are still high enough so that the young plants before winter time can further develop. The US dollar traded against a basket of major currencies on a 14-year high.
The likelihood that the US Federal Reserve would raise interest rates, have risen. This ensures that all products listed in dollars, become more expensive for buyers holding other currencies. US wheat exports are to stop, which will now again after years of poor exports, must the price down.
The USDA reported that 598.400 tons of wheat were exported in the week to November 10. The private market analyst Informa economics lowered its forecast for the U.S. winter wheat area for harvesting 2017 to 33,761 million acres of 35.421 acres.

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