All
 

 

Just in:  

You are here: Home»Markets»Commodities»Americas»CBOT wheat drops 3 percent on light demand

wheatCHICAGO: Chicago Board of Trade wheat futures fell 3 percent to a six-month low on Wednesday as investors focused on the poor demand for US supplies, traders said.

 

* A firm US dollar, which makes US commodities more expensive on the world market, added pressure to wheat prices.

 

* Wheat futures jumped early in the session in tandem with US stock markets due to the fiscal cliff resolution but traders quickly locked in profits from that bump.

 

* The benchmark Chicago Board of Trade March soft red winter wheat contract bottomed at $7.52-1/2 a bushel during Wednesday's session, the lowest level for the front-month contract since July 2.

 

* Syria's state grains agency issued a new international tender to purchase and import 100,000 tonnes of soft milling wheat, European traders said.

 

Center>Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln