CBOT wheat futures decreased to 10-year low

05.09.2016

During August 25 - September 01 CBOT wheat prices continued to go down and lost 8.23%. Spot market prices followed the world's exchanges trends.

High wheat supply in the world market and active spring wheat harvesting in the USA continued to pressure prices, informs UkrAgroConsult. By the end of last week US farmers had gathered wheat from more than 81% of the intended area, while the five-year average for this date is 62%. Furthermore, Egypt's decision to tighten requirements for ergot content in imported wheat to zero level provided additional pressure. As a result, during the reporting week CBOT wheat futures decreased to ten-year low.

wheat cme

Check up prices and enjoy free online charts on our website. Daily updated commodity exchange prices (CBOT, ASX, BCE, MATIF, WCE, LIFFE) and cash market quotations for wheat, corn, barley, soybean, sunflower and other agricultural commodities in Ukraine, Black Sea region and world are available in section "Prices and Futures".

 

UkrAgroConsult

 

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