CBOT wheat prices increased by 2% last week

During the reporting week (June 16-23), CBOT wheat futures increased 1.68%, but not as significantly as over the previous week. Monthly growth has already reached 8.01%, reports UkrAgroConsult.

Last week the new-crop US and French wheat spot prices strengthened by USD 5-7/MT.

Weather factor, such as precipitation shortage in Western Europe, kept supporting wheat prices in the EU. French wheat crop conditions continued to deteriorate. As of June 19, the share of crops in good and excellent conditions reached 68% (74% the previous week, and 70% last year).пшеница cme

CBOT wheat prices rose sharply after the publication of data on the US spring wheat crop conditions. During the current harvesting season in the USA winter wheat comes with yields below the expected level.

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”.

 

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