Grains Remain Choppy! Moving Higher Today!
April 20th, 2010Chinese Harvest
Milling wheat for delivery in May traded on NYSE Liffe in Paris rose 0.4 percent to 128.50 euros ($173.56) a metric ton, while the November contract climbed 0.2 percent to 135.25 euros.
The wheat crop in China, the world’s biggest producer, may be damaged by a freeze that has delayed planting in Heilongjiang by more than 10 days, the China National Grain and Oils Information Center said today. Low temperatures are also “adverse” to rapeseed growth, the center said.
Full article could be found at: http://www.businessweek.com/news/2010-04-20/corn-wheat-advance-on-speculation-that-declines-were-excessive.html
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