CBOT wheat prices strengthened slightly after six consecutive weeks of reduction

15.11.2017

During the reporting week (November 02-09), CBOT wheat prices increased 0.7% after six consecutive weeks of reduction, reports UkrAgroConsult.

The US wheat spot prices (November delivery) strengthened by USD 1/MT.

CBOT price growth was triggered mainly by the publication of USDA November report, as well as by high weekly US wheat contracting (October 26 - November 02), which surprised the market.

In the new report, USDA experts reduced the world's wheat ending stocks estimate in the 2017/18 season by 0.6 MMT to 267.53 MMT. The forecast of the US wheat ending stocks in the current season was lowered by 0.68 MMT to 25.45 MMT, due to an increase in export estimates (+0.68 MMT) to 27.22 MMT. 

 

heck 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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