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Following 45 GROWTH/EMERGING Markets: MEXICO, BRASIL,LATIN AMERICA,EASTERN EUROPE, RUSSIA, EUROZONE...from AUSTIN,TEXAS...with Freely Accessible, Reputable...ENGLISH LANGUAGE LINKS: Energy...Currencies...Crime... Tourism...Politics...Economics. HOARDING News Links...Since JUNE 2009...AD FREE.

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04 November 2011

UKRAINE / RUSSIA / COMMODITIES : Wheat Abounds...Price Plunges...Most in 3 Years.

                                       BLOOMBERG

     Rebounding wheat harvests...especially from last year's drought stricken nations of Ukraine and Russia...are driving down the price of wheat....to levels not seen in 3 years.
     In Chicago...wheat plunged 21% to $6.24 a bushel this year...and may drop to $5.90 before January.
     Inventories are estimated to grow by 5%...to 684 million metric tons...the highest in a decade.
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