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the USA: falling has stopped - growth of futures for wheat and corn.
06.04.2007 17:08 "Agro Perspectiva" (Kyiv) —
As transfers(transmits) IDK.RU, the American futures for wheat and corn have grown by the end of trading session on Wednesday as traders were focused that the market of grain is resold. On the average futures have raised(increased) on 11–13 cents (wheat, corn) and on 3 cents (oats).
From the last Friday at stock exchanges of America of the quotation on wheat and corn the USA have sharply fallen in connection with forecast MSKH. Therefore updating in sharp increase by a weekend has been expected.
One more of factors of increase of the price name cold front. And in opinion of the traders, predicted MSKH the USA the area under crops under corn at a rate of 90 million acres is possible(probable) at faultless weather. Frosts which will hold on up to the end of this week, most likely, can affect(influence) a crop of a winter wheat in the Average West, marks(celebrates) DTN Meteorlogix.
In opinion of participants of the market, grain should still podrasti in the price before will begin three-day days off. On Friday of the tenders on CBOT, KCBT and MGE will not be.
So, at the tenders on Wednesday on CBOT the May wheaten future has raised(increased) on 12,2 cents up to 431,2 cents for bushel. On KCBT — podros on 12,6 cents up to 455 cents for bushel. And on MGE has increased for 11 cents up to 486 cents for bushel. The May corn future on CBOT has added 13 cents and was fixed(recorded) by the end of the tenders on 359,2 cents for bushel.
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