CBOT wheat prices lost 5% last week

09.08.2017

During the reporting week (July 27 - August 03), CBOT wheat prices lost 4.6%, reports UkrAgroConsult.

In the spot market, the US wheat supply prices decreased USD 7/MT, while French wheat lost USD 3/MT.

Price reduction on European exchanges occurred amid EUR exchange rate strengthening, as well as due to another week of low soft wheat shipments. Since the beginning of the current season to August 01, total wheat exports from the EU countries had reached 941 KMT (2623 KMT over the same period in 2016/17). As of July 31, wheat harvesting in France advanced to 91%.

The US wheat prices were pressured by the seasonal factor. Farmers have almost completed winter wheat harvesting. It was gathered from 88% of the intended area. Spring wheat harvesting has just begun. The US farmers have collected spring wheat from 9% of the intended area.

wheat price

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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