Wheat prices rise to the highest level in a month thanks to the strength of demand

Wheat prices on the Chicago Stock Exchange rose to its highest level in a month, supported by the power of demand and fewer production expectations than expected. A report by the US Department of Agriculture says that the export of the US wheat is still strong, as it achieved an extra net sales of 2.8 million tonnes in the week ended August 14. On the other hand, Pro Farmer estimated at 182.7 inches per acre during the annual crop tour in the United States. Although the number is a record level, it remains much lower than the estimates of the previous ministry at 188.8 inches per acre. Also read: The US Department of Agriculture warns about the lack of grain supplies next season. The wheat contracts rose next December, about 1%, registered $ 4.1525 per Boshl at 13:36 o’clock Singapore, while wheat contracts rose 0.5% to $ 5.30 per Boshl. On the other hand, soybeans fell 0.2% to $ 10,5675 per bush.