CBOT wheat prices strengthened on concerns about quality of US wheat


Over the period under review (May 18-26), CBOT wheat prices strengthened (+1.17%). In the spot market, the US wheat prices gained on average USD 4/MT (June delivery), reports UkrAgroConsult.

In Chicago, the price growth was triggered by the weather factor – the persisting wet weather in the regions of winter wheat cultivation in the USA, which raised concerns about the quality of the future harvest. Moreover, weekly export contracting of the old-crop wheat exceeded market expectations (201.85 KMT). The actual shipments were 9% higher than a week before.

The further growth of CBOT prices was limited by weekly data on winter wheat conditions in the USA.

CBOT wheat prices

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