Wheat prices in the international market hit 50-year maximum single monthly gain

This news (reporter Shaozehui) the wheat export Big country Russia recently said that because of the extreme dry weather, the country will ban the wheat export.　　Affected by the news, the international commodity market wheat prices in July, the largest single monthly increase since 50, into August prices continue to soar. Wheat prices in the Chicago Futures Exchange Rose 42% in July, the biggest one-month gain in more than half a century. 4th Wheat futures rose 6.7% to 7.25 U.S. dollars/bushels, a record in nearly two years.　　Wheat prices in Europe surged 8% to € 211 a tonne 2nd, rising nearly 50% per cent since the end of June, the biggest single monthly gain in more than 30 years. Wheat prices soared at this time, coinciding with a century-old drought in Russia, Ukraine and Kazakhstan. Analysts say Russian wheat will surely yield cuts and exports will fall.　　It is reported that the increase in wheat futures prices not only surprised traders and analysts, but also led to bread production companies and pizza chain store owners expressed the cost concerns. Shihua analysts said that the international agricultural prices have risen sharply, driving domestic agricultural prices to follow higher, especially in the domestic wheat, corn and other cereal prices have a big rise. At present, the domestic North Port corn market price reached 1900 yuan/ton above, the southern part of the sales area of corn spot price has reached 2000-2100 yuan/ton, wheat acquisition price has already broken through 2 yuan per kg, the trend of rising prices again. It is reported that the weather factors still affect the price of wheat key, the domestic drought in the southwest, north-South floods and other weather factors to further promote the market for the whole increase in food prices expectations. J049