29.
06.15
08:08

Investors liquidate positions and want to wait for USDA quarterly report

Wheat prices on the CBoT were put in the last three trading days by 10%, because it is feared that the heavy rain events in the Midwest of the United States restrict the income. The price level will be reached six months ago.
The rain came at the wrong time, note broker in Sydney this morning. That's why it will monitor the vegetation conditions East of Missouri in the Valley of the Ohio River exactly. Corn, soybeans and winter wheat (SRW) are built there. All of these products are traded on the futures market in Chicago.
Some investors are getting out of their contracts and wait for the tomorrow's USDA report on land-use and the quarterly inventory reports.

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