# Volatile Wheat Markets Highlight Unexpected Opportunities

> CBOT, KC and MGEX wheat futures fell 69, 55 and 58 cents respectively between May 24 and June 21 after a late-May rally. Russian production was cut 8.5 million tonnes to 83 million, and EU output was reduced by wet weather and flooding. U.S. Wheat Associates says the volatility may create buying opportunities for US wheat.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29800-volatile-wheat-markets-highlight-unexpected-opportunities
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower-priced US wheat and reduced Russian and EU crops together suggest tighter supplies, supporting price floors for feed buyers sourcing wheat.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/volatile-wheat-markets-highlight-unexpected-opportunities/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.