CBOT wheat increased 2% supported by depreciation of the US dollar

01.02.2018

During the reporting week (January 18-26), CBOT wheat futures increased 2.16%. The US wheat export prices grew by USD 5/MT, while French wheat supply prices went up USD 7/MT (February delivery).

The currency factor – the depreciation of the US dollar against other world currencies supported CBOT wheat prices last week, reports UkrAgroConsult. wheat cme

Wheat prices also strengthened on information about the continuing shortage of soil moisture in producing regions of the Great Plains of the USA. The drought spreads in southern and western parts of the Plains, while in the eastern part of the Midwest large amount of snow has fallen. For the next 8-15 days, the US meteorologists forecast cooling, which can damage wheat plantings without snow cover.

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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