CBOT wheat prices strengthened by 0.52% last week
During the reporting week (March 30 - April 06) CBOT wheat prices strengthened by 0.52%, reports UkrAgroConsult.
At the beginning of the week, the publication of USDA WASDE report on quarterly stocks and agricultural crop planted area in the country provoked CBOT price growth. Experts of the department estimated wheat planted area in the USA at record low 46.059 million acres (-8.22% compared to 2016). Winter wheat planted area will reach the second all-time lowest level. Besides, high US wheat exports in the current season provided additional support to prices.
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