date:Jul 25, 2013
nt gain for U.S. soft red winter wheat, which is what China has been buying and is comparable to the Australian variety. Another trader predicted U.S. wheat prices will rise at least 5 percent.
The soft red winter wheat is being offered at around $280 a tonne, free on board, for December shipment, up from $265 in the spot market this week.
In Australia, where the impact of Chinese buying is felt most, the price of wheat that will be harvested in December is already trading at a premium to U.S.