Panic subsided callback international wheat prices.

<P> As parts of Russia have long been the hot dry weather is expected to be eased, Chicago Board of Trade December wheat contract 16 plummeted 38.0 cents to settle at $ 6.9625 a bushel, down 5.2%. .December corn and soybean November contract wheat contract plunged by the tired, respectively, to settle at $ 4.2275 a bushel and $ 10.315, down 1.1% and 1.2%. .</ P> <P> international wheat prices in the August 5, after Russia announced the suspension of grain exports rose sharply to nearly two-year high, a correction last week, this week continued the downward trend. .This is mainly because the market panic of wheat production are fading, some large speculative funds selling to lock in gains. .</ P> <P> weather forecast, after days of heat waves and drought once in 130 years, Russia will mark the northern part of the recent cooling rains. .In addition, Russia will comply with the relevant Egyptian export contracts signed after market rumors negative factor for Xiaomaiqijia added. .</ P> <P> analysts generally believe that, while there is no reason to worry about a global food crisis, the international grain market, there are still many uncertainties remain to closely observe the market trend. .</ P> <P> First of all, the threat of food shortages still exist. .Russia's agricultural sector has been the third reduction this year's grain output is expected, India and Pakistan also suffered flooding to food crops is not optimistic. .</ P> <P> Second, other food exporting countries may follow the example of Russia's restrictions on food exports. .It is reported that adverse weather in the harvest, the world's fifth largest wheat exporter, Ukraine has also implemented a quota system for grain exports, Russia has also proposed a customs union with Russia, Belarus and Kazakhstan to take measures to prohibit the export of grain. .</ P> <P> third is heavily dependent on Russia and Ukraine from the food imports in the Middle East, may be eyeing European markets. .Egypt, Turkey, Pakistan and Azerbaijan last year, a large number of grain imports from Russia, many countries have begun to find another way out. .</ P> <P> as the world's largest importer of wheat, Egypt, annual consumption of about 12 million tons of wheat, 44% of the requirements are imported, from 2009 to 2010 fiscal year, nearly 六成 wheat imported from Russia. .Egyptian Government has already relaxed some restrictions on imports, also decided to North America were imported from France and 24 million tons and 6 tons of wheat. .According to "The Wall Street Journal" reported that U.S. Agriculture Secretary Tom Vilsack said the Egyptian government has contacted the U.S. Department of Agriculture, in order to obtain information on the availability of U.S. wheat. .</ P> <P> Finally, once the international market demand, pushing up food prices rose sharply in Europe and America, may be serious inflation in Western economies, the impact caused by economic stagnation, of world economic recovery. .</ P> <P> While food prices for food and agriculture and food exporters can make a profit, but it would damage downstream processing of agricultural products, meat, milk, bread and beer and other downstream products, upward pressure on prices. .Slow economic recovery in Europe and America, in the context of high unemployment, if food prices skyrocketing, will add to the burden of people's lives, increasing the risk of social unrest. .Food prices may also lead to inflation, may fall into the Western economies to raise interest rates to control inflation or protect the fragile economic recovery dilemma. .</ P>.