Wheat rose today to a monthly high on concerns that cold weather in Europe will hurt output. Temperatures in Ukraine may fall below 15 degree Fahrenheit, threatening crops, especially those not covered with snow. At the same time, Russia is considering a tax on exports.
Additionally, wheat was rising with other commodities on speculation that Greece is making progress in
Wheat price climbed from $6.4475 to $6.6625 per bushel as of 21:24 GMT today on CBoT after reaching $6.6750 — the highest since January 3.
If you have any questions and comments on the commodities today, use the form below to reply.
Rain and cool conditions are really unfavorable, and I think prices are looking a little bit oversold at the moment and could potentially be susceptible to a rebound
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