CBOT wheat prices lost 1.58%

04.10.2016

During the reporting week (September 22-29) CBOT wheat prices lost 1.58%, reports UkrAgroConsult. Price reduction drivers include the following:

  • Rains in the main wheat producing regions of the USA and Black Sea countries replenished soil moisture reserves and had a positive impact on winter wheat development. Forecasted dry weather in both USA and Black Sea countries will be favorable for sowing pace increase.
  • Expectations for Friday's publication of a quarterly grain stocks report in the USA. Market experts expected an increase in wheat stocks estimates to the highest level since 2010 (as of September 01).

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

 

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