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Chicago: wheat climbs with the weather forecasts in the United States

The price of wheat on hand in Chicago is definitely mounted this Thursday with the anticipation of strong heats in the producing regions in the united states. C

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Chicago: wheat climbs with the weather forecasts in the United States

The price of wheat on hand in Chicago is definitely mounted this Thursday with the anticipation of strong heats in the producing regions in the united states. Corn and soybeans also advanced.

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"warm temperatures in the southern Great plains, threatening crops in the regions where they are still sensitive to the heat," notes Bryant Sanderson of CHS Hedging. "The harvest is slowly progressing northward from Texas with a dry weather expected in the next 7-10 days," he adds.

Several observers, however, recalled that the prices of grain remain at the mercy of the weather in Europe and in the region of the Black Sea, where rain is expected within the next few days. The weather is conducive to the development of the seedlings tends to weigh on prices, while more difficult conditions and the anticipation of a harvest less than that are likely to cause prices to rise.

120,000 tonnes of u.s. soy purchased by the United States

The corn grew in the wake of the wheat. Soy has, for his part, appreciated for the third consecutive day thanks to the announcement of a new sale of the oilseeds for us. The u.s. department of Agriculture has reported the purchase of 120,000 tonnes of u.s. soy, which will be delivered to destinations unknown, in its system for identifying exports private day-to-day. Market players have also taken note on Thursday, figures from the us government on foreign sales for the period from 22 to 28 may.

sales of wheat, corn and soy for the last harvest and the current harvest are established within the range of analysts ' expectations. A bushel of corn (about 25 kg) for delivery in July, the most traded, ended Thursday at 3,2900 dollars against 3,2400 dollars Wednesday (+1,47%). A bushel of wheat for delivery in July, the most active, finished at 5,2375 dollars against 5,1200 dollars at the previous close (+2,44%). A bushel of soybeans for delivery in July, the most traded, finished 8,6775 dollars against 8,5750 dollars the day before (+1,25%).

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