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Alberta Grains sees wheat prices trending sideways to lower into 2025, with Russian wheat priced aggressively and the US carryout at a four-year high. Tight stocks among major exporters and strong western Canadian export pull are cited as support.
Global import demand is expected to fall by nearly 12 million tonnes in 2024/25.
Lower import demand and aggressive Russian pricing cap wheat values, though tight exporter stocks limit the downside. Feed buyers can expect little near-term price support.
albertagrains.comNov 21, 2024Not 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.
