CBOT wheat prices lost 1% last week

03.04.2018

Over the period under review (March 22-29), CBOT wheat prices lost 1%, reports UkrAgroConsult.

The US wheat spot prices remained at the previous week’s level, while French wheat supply prices strengthened by USD 2/MT (April delivery).

During the reporting week, bearish factors dominated the market – rains in the US winter wheat producing regions were favorable for crop conditions. As of March 25, the share of wheat in good and excellent conditions in Kansas reached 13% (+2% over the week). In Texas, this rate increased by 2% to 12%. Meteorologists forecasted precipitations for the near future that continued to restrain the price growth.

At the end of the week, the increase in futures market was seen under the influence of trends in adjacent soybean and corn markets, due to publication of the USDA report on seeding intentions in the USA for season 2018.

wheatCheck 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