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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: stan_hughes who wrote (342648)9/4/2007 3:48:59 PM
From: Secret_Agent_Man  Read Replies (4) of 436258
 
got bread? US Wheat Review: Closes Limit Up, Sets New All-Time Highs

3 minutes ago

CHICAGO (Dow Jones)--U.S. wheat futures bolted to fresh record highs Tuesday and closed limit up in many contracts amid fears that drought may slash Australian production for the second year in a row, analysts said.

Bigger-than-expected purchases from India also shoved prices higher, they said.

Nearby Chicago Board of Trade September wheat traded as much as 43 cents higher during the day session and set an all-time high of $8.10 per bushel, exceeding the previous intraday high of $8.05. The contract, exempt from the typical 30-cent trading limit because it is in delivery, closed up 40 cents at $8.07.
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