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Reuters reports global wheat imports are likely to fall this year as slowing economic growth among top buyers, a stronger dollar and higher local cereal output curb purchases. World inventories are heading for nine-year lows despite unfavourable weather in the Black Sea, India and the US.
Lower import demand could cap wheat prices even with tight world stocks, since weaker buying offsets crop-weather concerns.
reuters.comNaveen ThukralFeb 7, 2025After 101 past trade events, US Dollar (Broad) moved a median -0.1% over 5 sessions (35% higher; middle half -0.8% to +0.3%), and -0.6% over 20.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
