CBOT wheat prices lost 4% pressured by increased wheat ending stocks

16.05.2017

Over the period under review (May 04-11), CBOT wheat prices lost 3.84%. In the spot market, the US supply prices decreased on average USD 4/MT considering the transition to a new delivery month, reports UkrAgroConsult.

Wheat prices were pressured by the raised USDA estimates of wheat ending stocks in the 2017/18 season – to 258.29 MMT (255.35 MMT forecasted for the end of the current season). milling wheat cbot

As of Monday, May 08, spring wheat sowing in the USA was carried out at 54% of the intended area compared with 60% of the five-year average.

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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