Lack of good news about wheat in the United States, weakening wheat
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: three U.S wheat futures markets closed lower Thursday as the Chicago Board of trade's soybean market weakened in early trading, setting the tone for agricultural futures to fall CBOT's may contract was down 2.50 cents at 338 cents / bushel; kcbts' may contract was down 3 cents at 348.50 cents / bushel; MGE's may contract was down 3.25 cents at 357 cents / bushel Due to the lack of favorable information on fundamentals, wheat futures prices are unable to gather enough interest to recover from the early decline According to the weekly export sales report released by the U.S Department of agriculture, as of February 24, 2005, the net sales volume of wheat in the United States was 453100 tons, 17% lower than last week and 20% lower than the four week average
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