International wheat prices skyrocketing Liucheng.

<P> Recent international futures market, by the Russian dry weather, the market may be affected by concerns about agricultural production, promoting agricultural prices on the international market soared. .Text, table / reporter Chen Fang </ P> <P> by the Russian dry weather, Chicago Board of Trade (CBOT) wheat prices began to rise significantly since early June, as the current price is close to 7 U.S. dollars / bushel, from 6 .low in January has risen more than 60%. .</ P> <P> According to the U.S. Department of Agriculture statistics, Russia's wheat production accounts for 8% of global wheat production is about, barley accounted for 10% of global output. .The oats and rye production of the world's more than 20%. .</ P> <P> also led to soaring wheat prices are rising in other agricultural products, corn futures prices rose nearly 20% over the same period; soybean futures prices began to soar since early July, the cumulative increase has reached 10%. .</ P> <P> Domestic: up 6% stock futures did not rise </ P> <P> in the case of foreign markets soaring domestic wheat futures prices rose only about 6%, while corn futures rose about 7%, .Since early July soybean prices rose only about 5% since. .</ P> <P> the inflow of funds of the City </ P> <P> Liu Ching-force GF Futures analyst, said the foreign futures prices rose sharply pressure on the domestic market, China's corn and wheat imports in total consumption .constitute a very small proportion. .</ P> <P> start since early June when the price of wheat, Zhengzhou Commodity Exchange wheat futures open interest of about 5 million in hand, and by the early August rose to 150,000 the total open interest level of the hand, there was a marked volume .amplification, indicating the inflow of funds in the. .</ P> <P> spot of wheat declined with the rise </ P> <P> main current futures contract price of wheat has risen to 2,400 yuan / ton, much higher than the spot price. .Basically, no gain in the spot market, early June 14 cities in wheat production and marketing area average price of 2009 yuan / ton, while the average price yesterday rose to 2033 yuan / ton, was up only 1%. ."It is understood that inventory is basically flour mill consumption to six months, the fundamentals do not support the price rose." LIU Qing forces, "said wheat round up, increase more than expected. Late wheat prices will gradually return to rational, to recover more .to be careful. "</ P> <P> reasons: the expected decline in China will increase imports </ P> <P> Tianqi Dong Jianye Futures analyst said:" China is an important consumer market for agricultural products on the international market investors expected .China's next two annual food grain production will decline, China may increase imports of grain, so pushing up the price. "</ P> <P> According to USDA's latest forecast data, 2010/2011 wheat production will drop to 1.145 .million tons, lower than the 2009/2010 level of 1.15 million tons, while imports will reach 90 million tons, although somewhat lower than the 2009/2010, but it is 2 times of the year 2008/2009. .</ P> <P> Board APB that if the domestic wheat prices continue to rise to 2,500 yuan / ton will face great pressure, once the domestic prices stop rising, part of the international market prices will lose its support. .</ P> <P> view: differences between long and short commodity market to increase </ P> <P> to adjust the futures market yesterday, the main industrial products decreased in most varieties, agricultural futures continued a strong trend early, corn, soybeans .other varieties closed up, while wheat futures edged down 0.04%. .</ P> <P> despite increased production, due to weather there is greater uncertainty, greater differences between long and short. .</ P> <P> fundamentals, attention to producing weather conditions, changes in metal stocks and the dollar. .We believe that commodity prices have technical adjustments to the request, but after today's shock whipsaw, the latter would be more cautious mood short. .Proposed to do more farm bargain. .</ P> <P> (Chen Fang, Tianqi Futures Zhao Weiwei) </ P>.