CBOT wheat prices were pressured by weather factor

29.03.2017

During the reporting week (March 16-23), CBOT wheat prices declined (-3.44%). In the spot market, the supply price for US wheat (April delivery) lost USD 6, reports UkrAgroConsult.

Despite the information on winter wheat conditions worsening in the largest producing states of the USA – Oklahoma and Kansas, the wheat futures continued to go down. The prices were pressured by a weather factor – a rain forecast in the regions of winter wheat production in the USA, which will replenish soil moisture reserves.

wheat cmeCheck 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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