Wheat Russia options 2015

Concerns Lift Wheat wait what

Oct 26, 2014 (usa)

Some much soy bean talk in the air. People buying stocks and chosen options that way fail. But all the tips and tricks stop and trick some of the savey type “E” investors. I’m sure you saw the commercial with the star of house of cards.

So yesterday, U.S soybean export sales caught traders off guard by reporting more than twice the sales expected in that report which surprised the market and helped fuel the 30 cent soybean rally into yesterdays close. By law, sales over 100,000 metric tons must be reported in a daily sales announcement but this did not occur last week leaving traders with no indication that nearly 2.2 million tons of soybeans had been sold. Peter Burr, chief of the exporting branch of the USDA’s Foreign Agricultural Service said that “a sizable portion of these sales were optional origin sales that were changed to U.S origin” and that “some of these were late sales”.

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Wheat for December delivery rose 0.4 percent to $5.2425 a bushel at 5:20 a.m. on the Chicago Board of Trade.
Wheat rose in Chicago amid concerns that cold weather in Russia will damage recently planted crops that haven’t yet entered winter dormancy.

Temperatures such as today were expected to reach lows of 18 degrees Fahrenheit (minus 8 degrees Celsius) in Moscow and Volgograd, and may remain below freezing during the weekend, according to AccuWeather Inc. Dry weather in some parts of Russia has eroded crop conditions and left young plants more susceptible to frost, Commerzbank said in a report today.

“A cold spell is gradually expanding on the European half of the Black Sea basin, which is home to most of the winter crops,” Paris-based farm adviser Agritel said in an online report. “The arrival of this climate makes producers worry.”

Wheat for December delivery rose 0.4 percent to $5.2425 a bushel at 5:20 a.m. on the Chicago Board of Trade, erasing an earlier decline. Prices touched $5.2875 a bushel yesterday, the highest since Sept. 10. In Paris, milling wheat for January delivery fell 0.3 percent to 168.50 euros ($213.59) a metric ton on Euronext, after rising 3.4 percent the previous two days.

Corn for December delivery increased 0.4 percent to $3.545 a bushel in Chicago. Soybeans for November delivery added 0.4 percent to $9.6625 a bushel. Both crops increased this month as rain slowed harvesting in the U.S., the world’s biggest grower.

When investing make sure you take some advise from anywhere you get. The more knowledge you have in that product will help you determine what to invest in, especially if you trade yourself like a do. Good luck with your future finances.