CBOT wheat prices gained 0.6% last week

05.10.2017

During the reporting week (September 21-28), CBOT wheat prices gained 0.57%. The US and French wheat spot prices added USD 1/MT (October delivery). The Black Sea wheat prices kept growing as well, reports UkrAgroConsult.

The market was supported by the data on US wheat export inspections during September 14-21 (500 KMT or +7% over the week), which surpassed market expectations. However, actual wheat shipments (during June 01 - September 21) are already 3% lower than last year.

Moreover, the price growth was also triggered by the information on soil moisture shortage in the production regions of the Midwest. wheat cme

The lack of soil moisture in Australia and ongoing strengthening of Australian supply prices supported wheat prices as well.

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".

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