Wheat prices of market observers remain in focus this week. One is the question of whether the increase of 10% since the start of the rally can be kept. Heavy rainfall in the southern wheat growing regions of the United States led to taking offsetting positions by large speculators as also by institutional investors short positions.
Rains cause that the wheat harvest experienced quality limitations led in Northern and Western of India. The millers in the South of the subcontinent are forced to import wheat higher quality from Australia.
However the strong limited an increase in grain prices $ U.S.. Against a basket of major currencies, the greenback currently listed on a one-month high. Rather it promotes sales of grain from South America, Europe, and the Black Sea region.
