Archive for Tag: wheat price technical analysis

Chicago Wheat futures

Wheat approaches 4-month low, providing relief to inflation

The price of Chicago Wheat futures is up 1.90% at $9.6 per bushel on mid-Friday trades. Prices of wheat has fallen to 4-month low providing some relief to galloping inflation rates. Chicago wheat futures on Friday hit their lowest in nearly four months and headed to a second consecutive...

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Chicago wheat futures

Wheat prices poised to rise for the second consecutive week

The price of Chicago wheat futures is up 1.16% at $11.0 per bushel on mid-Friday trades. CBOT wheat prices rose 2.69% on Thursday on account of the rising risk of drought in central United States. Estimates from Ukraine that about 5.9 million acres of winter corps would not be...

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Chicago wheat futures

Wheat declines amid a declining harvest further straining global supplies

The price of Chicago wheat futures is down 0.72% at $10.6 per bushel on mid-Friday trades. Chicago wheat futures price opened this week on a bullish note registering an increase of 5.10%. However, a majority of this gain was wiped out by the 1.94% decline on Tuesday. Wheat traded...

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wheat news

Wheat continues its downtrend, declining around 10% from its recent high

The price of Chicago Wheat futures is down 0.33% at $11.4 per bushel on mid-Friday trades. Wheat started the week with mild bullish pressure, gaining around 1.80% on Monday. Prices, however, fell on the two subsequent days, i.e., on Tuesday and Thursday. This decline is a resumption of the...

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wheat futures price

Wheat rose on supply concerns

Chicago wheat futures price is down 0.95% at $11 per bushel on mid-Frida trades. Wheat prices rose this week on weather concerns among top global producers and as India mulls export restrictions on wheat. The record heat waves in India are hurting wheat harvest. At the same time, soggy...

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wheat futures price

Wheat poise to rise for the third straight month on supply constraints

Chicago wheat futures price is down 0.12% at $10.6 per bushel on mid-Friday trades. Wheat opened this week on a bearish note and continued trading within a range. It is poised for a third straight monthly gain as tightening global supplies after Russia’s invasion of Ukraine underpinned prices. The...

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market outlook

Soaring wheat prices induce a new global food crisis

Chicago Wheat futures price is down 1.53%, closing at $11 per bushel. The Food and Agricultural Organization (FAO), a United Nations agency, recently announced its Food and Price Index, which tracks monthly change in the international prices of a “basket of commonly-traded commodities,” witnessed the highest increase in March...

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