Filed under: International Markets, Forecasts, Russia, Market Matters, Economic Data, Commodities
The grain markets are weather related. Any change in the normal growing weather pattern sends the markets into turmoil.
The story of the day is Russia. The farm ministry said that Russia will harvest 85 million metric tons of grain, down 5 million tons from the previous forecast. Why is this news? Russia and Canada vie with the U.S. as the second largest world wheat exporter.
Continue reading Wheat Moves Sharply Higher on Rumors of Drought in Russia
Wheat Moves Sharply Higher on Rumors of Drought in Russia originally appeared on BloggingStocks on Tue, 06 Jul 2010 14:20:00 EST. Please see our terms for use of feeds.
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Wheat – Canada – Russia – United States – BloggingStocks
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