date:Oct 25, 2012
, helping send global stockpiles to a four-year low, the U.S. Department of Agriculture estimates.
The supply-and-demand balance is very tight, Arnaud Saulais, a broker at Starsupply Commodity Brokers in Nyon, Switzerland, said by telephone. Long term, were still in a situation that should keep prices high.
Wheat for December delivery added 0.5 percent to $8.735 a bushel at 7:10 a.m. on the Chicago Board of Trade. Prices are up 34 percent this year. In Paris, January-delivery milling wheat ros