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Flour millers are facing a tight supply position as wheat farmers hold back stocks. Limited milling wheat inventories leave millers with little buffer against production shortfalls.
With global wheat reserves projected at a nine-year low, reduced farmer selling and thin buffers raise the risk of a price rally and higher food inflation.
reuters.comNaveen Thukral, Renee HickmanNov 21, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
