CBOT wheat prices grew supported again by weather and currency factors

21.02.2018

During the reporting week (February 8-15), CBOT wheat prices grew by 1.18%. The US wheat export prices strengthened during the fourth consecutive week (+USD 3/MT FOB). French wheat supply prices soared by USD 4/MT (February delivery), reports UkrAgroConsult. wheat cme

The currency factor and weather appeared to be the main CBOT bullish drivers. The US dollar continued to decrease against other major world currencies. The drought, which persisted in the south and west of the US Plains may get worse due to the increased temperature regime. An additional support was provided by information on dry weather conditions in northern China, Iran and Iraq. Also, the price increase was noted in the Black Sea countries against the backdrop of Russian ruble volatility and logistic problems in Russian ports.

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

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