Price for Black Sea wheat 4.5% down at Chicago Mercantile Exchange
2013-05-07 16:38:01
A price of July futures for the Black Sea wheat by results of electronic trading of May 6 at Chicago Mercantile Exchange fell by 4.5% or by USD 14.5 to USD 307.6/ton against results of trading on April 26.
Exchange quotations testify to that, UKRINFORM reports with reference to Grain Ukraine.
"Experts consider impossible intensification of trading with Ukrainian wheat at the Chicago Mercantile Exchange without simplification of opening currency accounts abroad," the publication further says.
To remind, cost of May futures for the Black Sea wheat by results of electronic trading at Chicago Mercantile Exchange on April 26 was USD 322.1/ton against results of trading on April 25.
On May 6, no agreements were concluded on this type of product at Chicago Mercantile Exchange.
As of 10:00 a.m. Kyiv time, agreements on the Black Sea wheat have not been fixed either.
Note. Trading in futures for Ukrainian wheat at the Chicago Mercantile Exchange started June 6, 2012. Under the Black Sea wheat a product is meant that is supplied from the ports of Ukraine, Russia and Romania.