Wheat futures prices rally

By Malcolm Bartholomaeus
Updated June 19 2017 - 12:02pm, first published 11:30am
Market analyst Malcolm Bartholomaeus, Bartholomaeus Consulting
Market analyst Malcolm Bartholomaeus, Bartholomaeus Consulting

Nervousness returned to the wheat futures last week, with strong weekly gains recorded, pushing July CBOT prices to their highest levels since March. On a nearby contract basis we came within about 6 USc/bu of the highest CBOT futures prices since July last year. It won’t take much of a gain during this week to cover that gap.

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