On Monday,
grain contracts showed improvement mainly on trading session basis. Rises in wheat
price due to players’ expectations to U.S. wheat demand strengthen by importers.
Wheat
market shows optimism regarding export demand for U.S. corn. Recall that on Friday
Ukraine announced the possible problems with wheat exports volume. Probably in the next few weeks Ukrainian wheat stocks for export can run out. This gives
the U.S. market hopes for revival interest in the American grain through competition
lessening.
At the end
of the trading session on Monday wheat showed an increase of 0.7%, and corn
demonstrated stability.
Trading
session ended on October 22 with the following indicators:
- Wheat
(December) - 878.25 c/b (+5.75);
- Corn
(December) - 761.25 c/ b (-0.25).
