Wheat ends higher, but remains below $6/bushel

2020-10-14 20:43PM UTC

Wheat prices rose Wednesday, as the US dollar fell against most of its counterparts, amid concerns about the coronavirus second wave, which may lead some countries to boost their purchases of wheat in order to secure their needs.


Coronavirus infections rose to more than 38 million cases globally, and around 1.076 million victims have died so far, with confirmed second wave of infections in some countries.


The French government declared the state of health emergency in the country and re-imposed lockdown restrictions to curb the second wave of Covid-19 infections.


The dollar index fell against a basket of currencies by 0.2% to 93.3 points as of 21:31 GMT, after it hit a high of 93.6 and a low of 93.2.


Wheat December futures rose 0.5% to close at $5.97 per bushel, after hitting a day high of $6.00 and a low of $5.87.

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