CBOT wheat futures rose sharply over the past week

CBOT wheat futures rose sharply over May 10-16. During the week the price increased by 25.8 USc to 663.2 USc/bu.
Late frosts and deteriorating soil moisture in April and the first half of May in southern russia forced analysts to lower their wheat production forecasts. Estimates are within 84-86 M mt (down 4-5 M mt). This news, combined with the russian Minister of Agriculture’s statement that frost had affected crops on 1% of the sown area, or about 830 K ha, contributed to the rise in prices.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Grain” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
BLACK SEA OIL TRADE-2025: New Rules, Old Risks – How Grains & Oils Will...
Argentina’s soybean sales surge ahead of export duty hike
Middle East unrest rattles Brazil grain farmers
China’s pork supply chain remains robust despite trade, tariff challenges
German rapeseed meal exports are declining – UFOP
Write to us
Our manager will contact you soon