Wheat futures mark highest finish since July
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 10 2024
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Source: MarketWatch
- Wheat Futures Surge: Wheat futures prices reached their highest levels since July due to concerns about cold weather affecting wheat production in Russia, a major global producer.
- Price Increase: The most active July wheat futures contract climbed by 4.1% to settle at $6.63 1/2 a bushel in Chicago, marking the highest settlement since July 31, 2023.
- Weekly Rise: Prices for wheat futures rose by 6.6% over the week, reflecting the impact of the news on market dynamics.
- Market Data: The information was sourced from Dow Jones Market Data, indicating the significance of the price movement.
- Continued Monitoring: Traders and analysts are likely to continue monitoring the situation in Russia and its potential effects on global wheat supply and prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
