Wheat ends higher, but remains below $6/bushel

Economies.com
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.

Commodities News

Gold News

Commodities

Gold falls over 1% and marks weekly losses
2024-06-21 20:25PM UTC
Gold prices fell on Friday as the dollar gained ground against most major rivals, with the precious ...
Palladium News

Commodities

Palladium climbs to three-week high
2024-06-21 15:43PM UTC
Palladium prices rose on Friday with a 3% surge, hitting three-week highs and becoming the best ...
Oil News

Commodities

Oil approaches second weekly profits as demand improves
2024-06-21 14:52PM UTC
Oil futures were mostly flat on Friday but headed for the second weekly profit in a row amid signs ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 21-06-2024
2024-06-21 17:17PM UTC
Crude oil price shows more bearish bias to head towards testing the bullish channel’s support ...
Silver Analysis

Commodities

End of day silver price forecast update - 21-06-2024
2024-06-21 17:16PM UTC
Silver price broke 30.06$ level clearly and heads toward achieving more expected decline in the ...
Gold Analysis

Commodities

End of day gold price forecast update - 21-06-2024
2024-06-21 17:16PM UTC
Gold price faces clear negative pressure, as it broke 2340.10$ level and closed the last four ...