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Wheat Climbs as U.S. May Cut Supply Estimates
date:Oct 10, 2012
reduced its harvest projection.

Fundamentals are still bullish, said Kieran Walsh, an agricultural-derivatives broker at Aurel BGC in Paris. It would not be entirely unexpected for the USDA report to cut global production outlook, and Russian exports were at the lower end of estimates.

Wheat futures for December delivery rose 0.4 percent to settle at $8.6425 a bushel at 2 p.m. on the Chicago Board of Trade. The price gained 0.4 percent yesterday.

The USDA will update its forecasts on supply a

12/23 00:19