Food Industry
Industry: Email Alert RSS FeedWheat Watch: CBOT Called Steady to Slightly Lower.
Resource News International, November, 2004
Winnipeg, MB, Nov 02, 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 good seeding and early growth of the US winter wheat crop and a lack of fresh news to drive the market. However, short-covering after Monday's losses may help underpin the market. CBOT wheat futures were unchanged to 1/4 US cent lower in overnight electronic trade. Today's US election may limit some of the activity in the commodity markets.
The US winter wheat crop was rated at 78% good-to-excellent in the USDA's latest crop report, released late Monday. The crop improved 2% from the previous week and compares with only 49% good-to-excellent at the same point a year ago....
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