Commodity Outlook for Wheat by Kedia Commodity

Wheat yesterday traded with the negative node and settled -0.34% down at 1126.2 as speculators reduced their positions due to sluggish demand from the flour mills. The International Grains Council, an industry group said in a report that global wheat sowings could increase to nearly 225 million hectares in the 2012-13 marketing season beginning in October, the highest since the 1981-82 season. The IGC estimates are 1.5% higher, or nearly 4 million hectares more than the wheat sowed in the previous season, as producers around the world increased plantings of the grain to take advantage of higher prices. In Delhi wheat prices dropped -1.9 rupee to end at 1166 rupees per 10 kg. In yesterday's trading session Wheat has touched the low of 1126.2 after opening at 1127.2, and finally settled at 1126.2. For today's session market is looking to take support at 1125, a break below could see a test of 1123.8 and where as resistance is now likely to be seen at 1128.6, a move above could see prices testing 1131. - Commodity Outlook for Wheat by Kedia Commodity

Commodity Outlook for Wheat by Kedia Commodity

Trading Ideas:

Wheat trading range is 1123.8-1131.

Wheat yesterday traded with the negative node due to sluggish demand from the flour mills

Global wheat sowings could increase to nearly 225MH in 2012-13 marketing season beginning in October

NCDEX accredited warehouses wheat stocks dropped by 652 tonnes to 42748 tonnes.

In Delhi wheat prices dropped -1.9 rupee to end at 1166 rupees per 10 kg. Commodity Outlook for Wheat by Kedia Commodity

Commodity Outlook for Wheat by Kedia Commodity

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Chavez chemotherapy in Cuba

Venezuelan President Hugo Chavez on Saturday night to travel to Cuba to start the fourth round of chemotherapy to treat cancer, and said "most likely will be the last round of treatment". - Chavez chemotherapy in Cuba

After meeting in Caracas with Bolivian President Evo Morales, on the visit of "unofficial" visit to Chavez during the illness, the Venezuelan leader went to Cuba for treatment on Sunday. - Chavez chemotherapy in Cuba

He added that he hopes to be back by mid next week.

Chavez, whose tumors had been appointed on June 20 in Havana, has expressed confidence, it will be the last chemotherapy before "a full recovery." - Chavez chemotherapy in Cuba

Morales also came to Cuba for a two-day visit included a meeting with Cuban leader Raul employment Castro, and to receive an honorary doctorate from the University of Havana.

Chavez chemotherapy in Cuba

At university, he also will give public lectures, Cuban state media said. "Evo Morales, thank you for your visit," said Chavez. - Chavez chemotherapy in Cuba

"Now you will visit Cuba and then you will go to the United Nations to attend the General Assembly which would seem to be very exciting," said Chavez. - Chavez chemotherapy in Cuba

There is little published information about the type of cancer suffered by Chavez, 57, or details about his medical condition.

He underwent the first two rounds of chemotherapy in Havana, where doctors discovered the cancer after surgery on his stomach abscess. On 2 September, she completed a third round of chemotherapy in the Venezuelan military hospital. - Chavez chemotherapy in Cuba
 
Chavez, who has been in power since 1999, said he was confident he would "fully recovered" to perform duties as host a summit of leaders of Latin America and the Caribbean on 2-3 December in Caracas. - Chavez chemotherapy in Cuba


The summit, which marked the establishment of the Latin American and Caribbean Community of America, was originally scheduled to be held in July, but then postponed after Chavez knew he had cancer.

Chavez chemotherapy in Cuba

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