CBOT wheat prices slumped last week.

CBOT wheat prices slumped (-6.23%). Price reduction in Chicago was triggered by the weather factor. Rains in winter wheat producing regions improved crop conditions. At the beginning of the week, 54% of crops were in good and excellent conditions (53% the previous week and 57% last year). This week meteorologists also forecast precipitation, which contribute to further crop conditions improvement. During April 06-13, contracting of the old-crop US wheat equaled 413.9 KMT (-11.2% compared to the same week last season).