(Bloomberg) -- Wheat futures in Chicago rose,
extending gains as overseas demand for the U.S. grain increased
after a recent price decline. Soybean and corn futures fell.
Egypt, Japan and buyers in Taiwan this week said they
bought or planned to buy a total of more than 460,000 metric
tons of U.S. wheat. Importers are increasing purchases after
futures fell from a record $6.50 a bushel on June 29. World
inventories are forecast to drop before next year's harvest to
the lowest since 1982.
Read more at Bloomberg Commodities News
extending gains as overseas demand for the U.S. grain increased
after a recent price decline. Soybean and corn futures fell.
Egypt, Japan and buyers in Taiwan this week said they
bought or planned to buy a total of more than 460,000 metric
tons of U.S. wheat. Importers are increasing purchases after
futures fell from a record $6.50 a bushel on June 29. World
inventories are forecast to drop before next year's harvest to
the lowest since 1982.
Read more at Bloomberg Commodities News
No comments:
Post a Comment