Weekly Commodity Snapshot
Our overview for wheat, corn, soybeans, sugar, & coffee prices, published weekly.
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• The S&P GSCI Agriculture Index gained 2.2% last week, amid a rally in wheat and corn prices, back to the top of recent ranges, as demand remains strong and the outlook for next year’s production and availability remains muddied amid increased fertilizer, shipping, and other input costs.
• CBOT Corn rose about 2% WOW, with the December contract touching USD 5.45/bu, as consumers took coverage and wet weather interrupted harvest progress.
• CBOT Wheat prices are up 1.5% WOW, edging back toward recent highs, amid a rally in Minneapolis Wheat that breached USD 10/bu, a rise of 4.3%.