Wheat prices in Chicago decline as harvest begins in the US

Grain & Cereals

Published Jun 11, 2024

Tridge summary

Chicago wheat prices saw a decrease of 41.6 USc over the week of May 31 to June 6, reaching 639.4 USc/bu. This drop is attributed to the upcoming US harvest, with progress in the southern plains increasing the already well-supplied US wheat market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat prices in Chicago fell over May 31 – June 6. During the week the price decreased by 41.6 USc to 639.4 USc/bu. There is pressure on prices this week related to the US harvest. Harvesting in the southern plains is well underway and progressing rapidly, which should add to physical stocks in the already well supplied US wheat market.

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Source: UkrAgroConsult

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