CBOT wheat futures growth was triggered by technical factors


Over the reporting week (January 26 - February 02) CBOT wheat prices strengthened again (+1.73% over the week; +9.42% over the month), reports UkrAgroConsult.

CBOT futures growth was triggered mainly by technical factors and data on weekly US wheat exports (January 19-26). Over the period under review export shipments were 40% higher than during the previous week. Besides, lack of rains in some producing regions of the Midwest and High Plains also raised concerns of market operators.

wheat cmeCheck 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".




Readers choice: TOP-5 articles of the month by UkrAgroConsult