Last Updated : February 03, 2012 11:10
CBOT Updates: Wheat tumbles on profit booking
CHICAGO (Commodity Online): U.S. wheat futures back tracktrack, ending lower amid profit-taking and ideas the market was overbought on Wednesday's rally.
Traders say that recent gains on severe cold in Russia and Ukraine may have reflected a "buy the rumor" scenario, and that traders were now selling the fact.
Uncertainty about Russian exports limits losses, but traders say even if the country enacts restrictions, world supplies are ample.
CBOT March wheat falls 11 1/2c to $6.62 3/4 a bushel, a day after hitting a fresh 4-month high. KCBT Wheat ends down 4 3/4c to $7.17 3/4 and MGEX March wheat closes down 3/4c to $8.36.
Courtesy: CME Group
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MCX SOYABEAN 01 January 2020
contract was trading at
Rs 0 . What's your view on it?
