CHICAGO, Dec. 3 (Xinhua) -- Chicago Wheat futures moved sharply higher Friday on mounting concerns that record rain may seriously delay and destroy wheat crops in Australia
köpa Moncler, as well as a weaker U. S. dollar. Corn and soybean both regained momentum.The most active corn contract for March delivery surged 18 cents
billig moncler, or 3.2 percent, to 5.735 dollars per bushel. March wheat futures rocketed 30.5 cents, or 4.1 percent
mbt schuhe damen, at 7.79 dollars a bushel. January soybean rallied 20.5 cents, or 1.6 percent, to 13. 0025 dollars per bushel.Traders mentioned the reports that if unusually heavy rain continues in Australia, the fourth largest wheat exporter, up to 90 percent of local wheat crops could be downgraded to feed grade have triggered strong buying in wheat market.Meanwhile, the sharp break in the greenback also added upward pressure on wheat price, broadening the appeal of U.S. wheat in the overseas market. Traders pointed out that international buyers have recently shunned Europe and Australia wheat for U.S. wheat. The march contract has surged 91.75 cents
ugg classic tall boots, or 13.4 percent this week."Today we saw market that had bullish news all over it
christian louboutin pris, we have bullish fundamentals this morning from the Stat Canada report, and we had Egypt poking around into the market right now for wheat, and the only people who is really going to offer right now is United States," said Matt Pierce
louis vuitton borse donna, analyst for GrainAnalyst.com. "There is no profit-taking today, just like what we saw yesterday, that is also considered a very supportive factor moving forward," Pierce added.Traders said that the strength in wheat, along with increasing concerns for dry weather in Argentina next week, as well as the continuous weakness in the dollar all contributed to push up the corn and soybean prices.Related articles：
