|
EU: the May wheaten future has established(installed) a five-monthly maximum
17.04.2007 18:00 "Agro Perspectiva" (Kyiv) —
As transfers(transmits) IDK.RU, the flour-grinding and fodder future of wheat on Euronext.liffe on Friday proceeded to raise(increase), as it was felt both shortage of wheat, and increase of futures on CBOT.
The May flour-grinding contract has grown up to a five-monthly maximum in 160,50 euros/t (+2,75).
Brokers see, that the market starts to be compressed, and at the same time remind, that May is last contract of a crop of this season. And now the winter wheat in territory of EU is in a good condition.
But in the market there is an opinion, that if crops will be and further also favorably to develop, the high prices for May contracts as it was in 2004 can quite influence the November future. So the November future for flour-grinding wheat, despite of good kinds for a crop, podros for 1,75 euros up to 138,25 euros/t.
The May fodder future also has risen on 100 GBP/ò (+1,25). November has increased up to 90,35 GBP/ò (+0,45).
In the cash market standard wheat (Rouen) has added 1 euro up to 150151 euros/t (April-May).
About other futures. The June corn future has grown for 0,50 euros up to 162 euros/t. May rapsovyj has increased for 1 euro up to 255,50 euros/t.
Also available:
|
| |
|
|