Fri, 08 Mar 2013 11:37:04 GMT
Wheat soars on US export data; FAO comments cut gains
Rural commodities ended Thursday's session on the positive note, being supported by weakness in the US Dollar and improved demand for risky assets. Bullish USDA export report supported grains, while logistics problems in Brazilian ports pushed softs higher.
Wheat rallied after the USDA report showed US export beat estimates last week. However, gains were cut as the FAO raised its forecast