Low point of wheat

The price of wheat, has not been so low since April 2007, as it is now. The volume of production was increased by favorable weather conditions in the United States, China, and Australia.

According to the communication of the U.S. Ministry of Agriculture; the expansion of global stocks to 186.6 million metric tonnes per year from 2009 to 2010 Years.
On the basis of meteorological forecasts, higher temperature can be expected than the average, which will speed up the harvest in the spring and the planting of winter wheat. The December transported wheat decreased to a 4.5 USD rate, which is nearly two and a half year low point. The rate last year fell by 38 percent – reports profitline.hu. after the article of Solar Capital.