10.
06.15
07:31

A change to the prices of wheat brings today's USDA report?

The courses of the CBoT Weizenfutures continue to rise and reach the highest price this morning for more than nine weeks. The rain in the southern regions of the United States was much more violent than expected, analyzed Avtar sandy, broker from Singapore this morning. He believes that the courses of the front month prior to the release of the USDA report today that appears (today at 18:00 GMT) will reach $5.40 / bushel, if the U.S. final inventories lower than expected designated.
Broker Morgan Stanley, however, give to bear in mind that the rain may diminish the quality of, but should have increased the quantity. There were also the most flooding in the eastern half of the wheat region, while most cultivation in the Western half of the Southern Plains will take place. U.S., end stocks are still very comfortable, said the analyst. The futures market prices are therefore vulnerable to a correction.

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