Wheat prices hit record levels as import demand, crop concerns hit

摘要

US and European wheat markets lurched back Into bull mode this week, rebounding strongly from last week's heavy losses as speculative selling receded and importers continued their active buying spree amid ongoing world crop worries. Chicago futurestraded a new all-time high of 7.54 dollar/busheI (about 277 dollar/tonne) on Thursday while London & Paris futures also hit record peaks.