Wheat futures mark highest finish since July
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 10 2024
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Should l Buy ?
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.
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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.
