CBOT wheat prices gained 3.4% due to poor US spring wheat conditions

04.07.2017

During the reporting week (June 22-29), CBOT wheat prices gained 3.4%. The monthly growth reached 11.8%, reports UkrAgroConsult.

In the spot market, the US and French wheat supply prices (new crop) strengthened by USD 8/MT and USD 4/MT, respectively.

The price increase in Chicago was triggered by the situation development in spring wheat market. In the near future, hot weather is forecasted in the US spring wheat producing regions. Spring wheat conditions kept worsening - 40% (41% - the previous week, 72% in 2016). Winter wheat conditions remained at the previous week’s level - 49% (62% - in 2016). 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".

 

UkrAgroConsult

 

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