CBOT wheat futures gained 5% supported by US wheat conditions data

15.06.2017

During the reporting week (June 01-08), CBOT wheat futures gained 4.66%, reports UkrAgroConsult. In spot market the US and Russian wheat supply prices (June delivery) increased by USD 7/MT and USD 2/MT, respectively.

Last week data on hard spring wheat conditions in the USA (HRS) was the main growth driver in Chicago. 55% of crops were in good and excellent conditions (-7% over the week). Winter wheat conditions worsened as well (49% compared to 50% a week before). wheat.cme

During the current harvesting season in the USA (10% harvested compared to 7% of the five-year average), winter wheat is supplied with a yields below the expected level.

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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