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Commodities Briefing - Categorized | Agriculture, Price Watch, Research more

Wheat rebounding 11pct as global stockpiles drop most since 2007

Posted on 21 March 2011

Bill GaryWheat stockpiles shrinking the most in four years means prices will keep rebounding from their worst slump in at least a quarter century.
The grain will average $8 a bushel on the Chicago Board of Trade in the second quarter, 11 percent more than the $7.23 reached March 18, according to the median in a Bloomberg survey of 22 analysts……………………………………….Full Article: Source


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