Fri, Oct 24, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Agriculture more

Wheat Poised for Bear Market on Signs of Rising Global Reserves

Posted on 11 June 2014

Wheat prices are poised to enter a bear market on signs that global inventories are climbing as demand wanes for supplies from the U.S., the biggest exporter.
Global stockpiles before the 2015 harvest may rise to the highest in three years, a Bloomberg survey shows. American exporters have sold about 30 percent less wheat for shipment before June 1 than at this time a year earlier, according to government data. The dollar has gained 1.3 percent against a basket of 10 currencies since May 6, when futures touched the highest since February 2013………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031