CME May wheat continues to climb, hitting 5-week high

Author: Alexandra Watts

CME May wheat continues to climb, hitting 5-week high

Alexandra Watts | 04.05.2024

Grain futures faced early setbacks during the week but showed signs of recovery following plentiful rains across the central U.S. Wheat prices surged by double digits, marking a 5-week high due to ongoing drone attacks by Russia on key Ukrainian ports. However, various factors influenced the movement of the grain market this week, including planting progress, outside markets and weather patterns. The release of the USDA's first weekly crop progress report and the latest exp...

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