Shaky forecast for global crop

By Malcolm Bartholomaeus
Updated July 2 2021 - 2:32am, first published November 25 2019 - 10:59am
MARKET UPDATE: The weekly movements in wheat prices. Source: Malcolm Bartholomaeus.
MARKET UPDATE: The weekly movements in wheat prices. Source: Malcolm Bartholomaeus.

In United States dollar terms, Chicago Board of Trade wheat futures prices are not high. In terms of the past four-and-a-half years they are in the upper band of prices, sitting between 500 and 550 US cents a bushel. However, longer term back to late 2006, current prices are still at the lower end of the trading range.

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