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World Ag Market Keeping Busy
CHICAGO - Jun 1/06 - SNS -- Agricultural commodity markets remain relatively busy as the week draws to a close, with results on purchase tenders announced earlier in the week becoming known.
Since this demand news is of the "business as usual" variety it is not having much impact on markets. The same is not true for statements by the Pakistan government that it might lift its moratorium on wheat exports.
Most is expected to end up in India, which places hard to meet quality demands on potential suppliers and which is not attracting major selling interest from Europe or North America. Even so, the news does not help the psychology of the market, which is already in harvest selling mode because of the beginnings of the U.S. winter wheat harvest.
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