CBOT wheat prices gained 0.3% last week


This past week (August 24-31), CBOT wheat futures gained 0.28%. In the spot market, US wheat prices (September delivery) strengthened USD 8/MT owing to good information on US wheat contracting over the week, reports UkrAgroConsult.

Over the week (August 17-24), the volume of new-crop wheat contracting increased 39% compared to the previous week. Actual shipments (June 01 - August 24) exceeded the last year's level by 15% (7.1 MMT). Farmers continued to harvest spring wheat. By August 27, spring wheat had been gathered from 76% of the intended area, while the five-year average for the reporting date is 66% (79% in 2016). wheat cme

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