CBOT wheat futures gained 4% last week

13.09.2016

Over the reporting week (September, 1-8) wheat quotations on CBOT gained 4.43%, informs UkrAgroConsult. US wheat price growth was supported by the tendencies on the markets of soybean and corn as well as rumors on the possible lower winter wheat sowing area for the crop 2017 due to low world prices and excessive moisture in the Southern Plains, which prevents timely finishing of harvesting campaign here. 

Further price growth was limited by the high supply of wheat on the world market and continuing conflicts between Egyptian state trader GASC and world wheat traders.

wheat futures

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UkrAgroConsult

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