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What is supporting global Wheat prices

Posted on 03 December 2012

Monday’s weekly USDA crop ratings data showed that 33% of the US winter wheat crop was rated good/excellent, down 1% from the previous week and well below year-ago levels of 52%. Meanwhile, 26% of the crop is rated poor/very poor, up 2% from the prior week and double the year-ago level of 13%.
Southern Hemisphere weather concerns are also supporting wheat prices, with excessive rain in Argentina and Australia, Barclays noted in a report………………………………………..Full Article: Source


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