Chicago wheat prices decline amid rapid pace of harvest in the US
CBOT wheat futures fell sharply on June 14-20. During the week the price decreased by 47.4 USc to 572.6 USc/bu.
The Crop Progress report confirmed market expectations that the US harvest would progress quickly. As of June 16, 27% of the acreage had been harvested, compared to the five-year average of 16%. Such a fast pace of harvest leads to a quick supply of grain to the market, putting pressure on 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
Ukraine 2026–2030: Global Drivers and Local Transformation
US corn planting seen down, soybean acres up as Iran war drives up costs
Following crude oil: Agriculture may be the next victim of the global shock
Tunisia’s olive oil exports rise in volume but revenues fall on lower prices
China launches investigation into US trade practices
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon