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South Africa reduced forecast yields of wheat
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Loading...South Africa adjusts its forecast for wheat production this season, after the worst drought in more than two decades hurt crops
The driest conditions since 1992 have caused damage to crops and sent local wheat prices to their highest in history
European wheat loses its competitive advantage over the Black Sea supplies again.
Russian wheat dropped to $ 193 per tonne last week. Ukrainian grain prices also slid last week.
Black prices fell along with the ruble just as the euro strengthened, making deliveries to the European Union, more expensive for buyers using other currencies.
Wheat will be "extremely receptive" of currency movements, as the Fed raised interest rates for the first time in nearly a decade
E.Dimitrov JrTrader
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