Wheat gains for the second day on rising import demand

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Source: Bloomberg
Wheat futures for March settlement were higher by 0.7% to $8.16 a bushel on the Chicago Board of Trade on Wednesday. The price of wheat advanced by 25% this year and is the best performer of S&P GSCI Commodity Index from 24 raw materials, but, however, it has dropped by 14% since July, the highest point in four years. Wheat increases on signs that demand for an import increases and the supply from Argentina gradually shrinks.
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Wed, 19 Dec 2012 14:41:15 GMT

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