Australian Wheat Price Remains Firm in W6 While Buyers Increase Their Stocks

In W6, the Chicago Board of Trade (CBOT) reported wheat (Mar 23) futures have remained unchanged, starting at USD 761.75/bushel (C/BU) and closing the week at USD 757.50 C/BU (Cents/Bushel, bushel= 60 lbs of wheat). The Australian wheat market has remained firm, with a slight increase across the three major grades, with buyers still actively chasing more stock.

Wheat Grade: H2, APW1, AGP1
Bid Price: USD 292.59/mt, USD 282.87/mt, USD 271.25/mt
Price Movement in W5: +USD 6.42/mt, +USD 6.76/mt, +USD 8.32/mt
Delivered Pt Kembla on February 10th, 2023.