11.
10.16
06:47

Wheat prices with firm undertone to CBoT front month again about 4 USD/bu

Now, the courses of the CBoT Weizenfutures rose in the third trading session in a row. Dryness in the U.S. winter wheat growing regions, as well as extreme rainfall in Australia's grain belt causes investors to make their short positions.
Already a month ago, Australia's heavy rainfall had let in the East fears of crop losses arise. Now shortly before harvest, precipitation has increased even more. There will be a wet harvest there, suspect agricultural analysts of the National Australia Bank this morning.
This leads to taking offsetting positions of short positions on the CBoT. They produce while no rally but the courses leave their multi year lows.
On 4 October, the commodity futures trading Commission (CFTC) determines that funds hold a record amount of short positions in their portfolios. This makes vulnerable the market for a "short-covering rally".
In Russia, increasing wheat prices with good demand and a fixed Ruble rate in small steps.

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