# Slide in wheat futures may be coming | 2020-06-03  | Food Business News

> Steve Freed of ADM Investor Services told a June 1 seminar that COVID-19 has driven market volatility, with record central bank stimulus and falling fuel and feed demand. He expects record world wheat supplies and Australian export competition to weigh on wheat prices.

- Date: 2020-06-03 · published 2020-06-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52647-slide-in-wheat-futures-may-be-coming-2020-06-03-food-business-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of record world supplies and Australian competition point to pressure on US and world wheat prices for feed buyers.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/16158-slide-in-wheat-futures-may-be-coming

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