Dry weather and Russia's threat to act outside grain deal push wheat prices higher

  • International
  • 11 April 2023
1

Wheat futures rose on the Chicago Board of Trade, as dry weather put the US Kansas City wheat crop at risk, and Russia's threat to work out of a UN-brokered grain export deal sent prices higher.

Wheat contracts, the most traded on the Chicago Board of Trade, rose three cents to $6.78 and a half a bushel, and hard red winter wheat for May delivery rose 11.5 cents to $8.76 a bushel. Corn rose at the settlement by 10.5 cents to 6.54 dollars a bushel, while soybeans increased at the settlement by 5.5 cents to 14.87 dollars and a quarter of a cent per bushel.

 

Source (Al-Arabiya.net Website, Edited)

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