SYDNEY Feb 1 (Reuters) – U.S. Chicago Board of Trade
Wheat futures rose 1.1 percent in early Asian trade on
concerns that Russia may look to curb exports and as a cold snap
in the Black Sea region and other parts of Europe threats some
of the crop.
Russia looks set to impose a duty to curb record grain
exports and it would be imposed from April onward, according to
plans now under discussion by the Russian government, the head
of Russia’s grain industry lobby said.
CBOT wheat jumped 1.1 percent to $6.73 per bushel
after reaching a 4-week high in the previous session.
(Reporting by Amy Pyett; Editing by Ed Davies)
© Thomson Reuters 2012 All rights reserved
