Summary Box: Wheat prices up as questions grow about Russia’s fall planting season
By APMonday, August 23, 2010
Summary Box: Wheat up as Russian drought lingers
GAIN IN GRAINS: Wheat prices advanced Monday amid questions about whether a crop can be planted in Russia this fall. A drought destroyed about a third of Russia’s wheat crop and significant rainfall is needed to help farmers.
EXPORTS AHEAD: Other countries are looking to the U.S. to buy wheat. Although there isn’t a worldwide shortage, it’s a matter of getting wheat to areas where it’s needed.
MIXED METALS: Metals prices were mixed ahead of this week’s economic reports, which should provide more insight into the pace of the recovery.
YOUR VIEW POINT