Trademagazin > News and articles > Market News > The price of wheat rose to an almost four-month high on the Chicago Grain Exchange
The price of wheat rose to an almost four-month high on the Chicago Grain Exchange
Wheat prices rose to about a four-month high in Chicago due to Saturday’s events in Russia and drought in parts of the United States.

(Photo: Pixabay)
On the Chicago Stock Exchange (CBOT), the price of June wheat per bushel (36.35 liters) rose to $7.52, the highest level since the end of February. Uncertainty over top exporter Russia emerged after Wagner mercenaries temporarily seized the city of Rostov, in the country’s key grain-growing region, on Saturday, according to data manager Trading Economics. Meanwhile, there is also concern that the drought affecting the Midwest region of the United States may cause more serious crop losses.
MTI
Related news
Walmart continues to bolster pharmacy, opens largest yet prescription processing facility
The retailer has also seen 10% volume growth via its…
Read more >Walmart cuts 1,500 corporate jobs
Calling it a restructuring effort, Walmart plans to eliminate 1,500…
Read more >Kraft Heinz To Invest $3bln In Upgrading US Manufacturing
Kraft Heinz is spending $3 billion to upgrade its US…
Read more >
More related news >
Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Who won and who lost in 2024? – Spectacular differences in results in food retail
The balance of the 2024 business year in the food…
Read more >The domestic gin market is on the rise – According to SPAR, customers are increasingly aware and open to Hungarian brands
Gin sales have grown spectacularly in Hungarian retail in recent…
Read more >