empty
 
 

08.07.202611:29:07UTC+00Wheat Rises to 6-Week High

Wheat futures rose above $6 per bushel to their highest level in nearly six weeks, driven primarily by tighter US supply prospects. The USDA reported June 1 wheat stocks of 920 million bushels, below market expectations, and lowered its annual planted area estimate to 42.74 million acres. Adding further support, export demand remained firm, highlighted by a private sale of 100,000 metric tons of US hard red spring wheat to Nigeria for the 2026/27 marketing year.

Geopolitical tensions also contributed to supply concerns, following new US military strikes on Iran in response to recent attacks on shipping vessels in the strategically important Strait of Hormuz. Still, gains were partly limited by the steady pace of the ongoing US harvest. In addition, projections for strong production in the Black Sea region continue to underpin expectations of ample global wheat supplies.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback