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Soaring Chinese wheat purchases to lift global prices by 10 pct
date:Jul 25, 2013
han the 9 million that Egypt, the world's top buyer, is expected to purchase.

Farmers are very cautious to sell forward, said Tom Puddy, head of marketing at CBH Group, Western Australia's bulk grain handler. They are seeing China's interest in buying, so they are waiting to see how the crop progresses.

Benchmark Chicago wheat futures have risen 1 percent this month after the U.S. Department of Agriculture (USDA) estimated global wheat stocks at the end of the 2013/14 crop year would drop to t

12/21 00:10