February 26 CBOT wheat on Editorial: the external market is strong, wheat closed up

Beijing DELHI, February 27 news: February 26, the Chicago Futures Exchange (CBOT) soft red winter wheat market closed higher, mainly due to short covering, weakened the dollar, the international crude oil rose.

As of closing, CBOT wheat rose 13.25 cents to 16.75 cents range, which in March contract rose 16.75 cents to 506.50 cents / bushel; May contract rose 15.50 cents to 519.25 cents / bushel; 7 month contract rose 15 cents to close at 531.25 cents / bushel.

Take the lead in wheat market rose early to go the high wheat prices opened higher, then rise further. The afternoon of May contract an intraday high of finishing near the oscillation near a record closing high.

The price of wheat relative to corn soared, commodity funds do more aggressively.

Weaker dollar on the good disk. Traders also noted that the February 26 March wheat contract deliveries were lower than expected.

Turkey February 26 sold 150,000 tons red wheat and 150,000 tons durum wheat.

Good snow winter wheat growing areas to protect wheat crops from the cold weather.

Speculative funds bought 4,000 contracts.

February 26, wheat market turnover is estimated at 80,480 in hand.

(Li Lei for reference only)