Weak demand weighs on Chicago wheat prices
Over the week of July 31–August 6, Chicago wheat futures fell by 32.20 USc/bu to 631.2 USc/bu.
The lack of strong buying interest in US wheat, as well as news of Ukraine’s efforts to secure alternative export routes, increased pressure on futures. The future trend in wheat prices will largely depend on the logistical situation in the Black Sea.
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 & Danube Grain Market” 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
The port of Constanta expands sunflower oil shipments: new opportunities for regio...
Jordan makes no wheat purchase in 120 thsd ton tender
Malaysian palm oil prices edge higher despite record inventories
Colombia boosts dairy exports while beef shipments fall 42%
Chicago corn prices fall to lowest level since July ahead of USDA report
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon