CBOT wheat prices dropped by 8% pressured by USDA report

06.12.2016

During the period under review (November 25 - December 01) CBOT wheat prices dropped by 7.47%, reports UkrAgroConsult.

Over the week US wheat prices (SRW) lost nearly USD 10/MT in the spot market (December delivery), while French wheat prices lowered on average by USD 8/MT. Black Sea wheat prices remained unchanged.

A number of factors, in particular publication of USDA report on major agricultural crops in the USA until 2021, pressured CBOT futures. In spite of wheat acreage reduction in the 2017/18 season to a record low, its ending stocks will remain quite high.

wheat cme

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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