(Bloomberg) -- French wheat futures rose for a fifth
consecutive day after the International Grains Council forecast
the lowest global stockpiles in a quarter of a century and
Ukraine warned that drought was killing its crops.
The London-based IGC cut its forecast yesterday for global
wheat stockpiles in the year ending in June 2008 by 2 million
metric tons to 115 million tons, the lowest since 1981. Ukraine's
agriculture ministry said today that 400,000 hectares of crops
were already destroyed by drought.
Read more at Bloomberg Commodities News
consecutive day after the International Grains Council forecast
the lowest global stockpiles in a quarter of a century and
Ukraine warned that drought was killing its crops.
The London-based IGC cut its forecast yesterday for global
wheat stockpiles in the year ending in June 2008 by 2 million
metric tons to 115 million tons, the lowest since 1981. Ukraine's
agriculture ministry said today that 400,000 hectares of crops
were already destroyed by drought.
Read more at Bloomberg Commodities News
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