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Wheat extends recovery on export optimism
date:Aug 18, 2012
cing in the possibility of export demand for U.S. wheat, said Shawn McCambridge, senior grains analyst with Jefferies Bache in Chicago.
Reduced production from the Black Sea area will limit exportable supplies from the region, making higher-quality U.S. wheat more attractive once sales from Russia slow, Mr. McCambridge said.
Moscow-based consultancy SovEcon reported Thursday that Russian wheat stocks had slumped to their lowest levels in nine years.
Russia is booking sales very aggressively, and

12/22 06:55