Food Industry
Industry: Email Alert RSS FeedWheat Watch: CBOT Called Steady To 1 Cent Lower.
Resource News International, September, 2004
Winnipeg, MB, Sep 21, 2004 (Resource News International via COMTEX)
Chicago Board of Trade wheat futures are called steady to 1 US cent per bushel lower at Tuesday's open, pressured by better US and Canadian harvest weather and follow through technical selling. However, a short-covering recovery after recent weakness could keep the losses in check.
The US spring wheat crop was 81% harvested as of Sept. 19, which compares to 100% a year ago and the average pace of 94%, the USDA reported Monday. Roughly 29% of the country's winter wheat crop was planted as of Sept. 19, up from 27% the previous year and average plantings of 23%.
In export news, the Taiwan Flour Millers Association bought 43,380 metric tons of No. 1 US wheat from Toepfer in a...
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