Saturday, July 31, 2010

Daily Markets - Supply Shock Could Provide Strength In Wheat

Daily Markets - Supply Shock Could Provide Strength In Wheat

Supply Shock Could Provide Strength In Wheat

Posted: 31 Jul 2010 02:17 PM PDT

As fears that a supply shock could broaden the supply and demand imbalance in wheat have pushed the commodity to a 13-month high and there still may be opportunities for some strength in the wheat market going forward.
A driver in further positive price support in wheat is harsh weather conditions.  A severe drought in Russia, one of the major wheat exporters of the world, that production in the Kremlin will decline, leading to a fall in exports to keep prices of the commodity in line … [visit site to read more]
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