Nervous wheat trade eyes US crop weather as dry conditions persist

摘要

Unusually poor US crop ratings woke up flagging wheat bulls this week, partly offsetting an 'overbought' mood across the Chicago futures markets caused by a rebounding US dollar. Despite some useful rains last week and hopes of more widespread coverage to come, the worst US wheat ratings for 19 years could hardly be ignored by traders banking on a big crop next year to help cover what some pundits believe could be a second season of short 'Black Sea' (CIS) supplies.