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A U.S. Wheat Associates consultant said global wheat supplies may shrink as farmers shift acres to soybeans and corn, and shipping limits hamper competing exporters. He argued that export demand for U.S. wheat will expand, though U.S. acreage is limited.
Expectations of rising import demand for U.S. wheat and tighter global supplies offer mild price support, but the outlook is qualified by uncertain acreage.
uswheat.orgAug 31, 2022Not 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.
