CBOT wheat prices decreased only slightly, despite of massive harvesting

25.07.2016

During the reporting week (July 14-21) CBOT wheat prices decreased only slightly (-0.95%), despite a considerable pressure of the seasonal factor – harvesting in the USA, EU and Black Sea region. In the USA harvesting pace is ahead of the last year's – 76% against 72%, while the five-year average is 73%, resulting in a downward price response observed in the market.

Low yields of French wheat provoked further growth of its export prices. Besides, a 50% increase in export contracting of US wheat over July 7-14 was another bullish factor in the futures market. Since the beginning of the current season and until July 14, US wheat contracting was 27% higher than during the same period last season.

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".
 

 

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