Wheat Prices Increased by 12 percent Since Grain Deal Ended

  • International
  • 25 July 2023
1

The value of wheat futures contracts on the Chicago Mercantile Exchange has increased by 12.3 percent since the termination of the grain deal, as the price of wheat on the day of the closing of the "grain deal" on July 17 was $ 6.54 per bushel, while the price reached $ 7.34 per bushel yesterday 24-7-2023.

During the past week, the price of wheat on the stock exchange was constantly changing, as it rose significantly on the background of the parties' statements regarding the "grain deal" and shipping in the Black Sea, then fell again, and today, Monday, the growth rate reached 5.45 percent.

The price of corn futures in the value of September futures contracts rose 3.51 percent, and reached the price of $ 5.55 a bushel, since the end of the "grain deal", to reach the volume of growth of about 9.5 percent.

Source (Al-Arabiya.net Website, Edited)

 

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