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Commodities Briefing - Categorized | Agriculture, Price Watch more

Wheat prices climb as U.S. export sales rise on weaker dollar

Posted on 27 March 2009

From Bloomberg: Wheat prices advanced for the first time in five sessions after a report showed U.S. export sales increased last week while the dollar slumped.

The U.S. Dollar Index, a basket of six major currencies, dropped 4.1 percent last week, boosting the appeal of U.S. wheat to overseas buyers. The dollar slid after the Federal Reserve outlined plans to buy U.S. debt to ease the credit crunch. ….Full Article: Source


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