Wheat Prices Rally to 9-Month Highs, Adding to Inflation Woes
Suboptimal growing conditions have pushed down forecasts for the 2024-2025 wheat harvest, which has in turn pushed up prices
Suboptimal growing conditions have pushed down forecasts for the 2024-2025 wheat harvest, which has in turn pushed up prices
The Ukraine war
sent ag prices soaring, but supply caught up
Putin is holding down the price of exports
If the Great Plains and Midwest drought persists, it could push up prices of agricultural commodities and grocery prices in the United States.
The war in Eastern Europe has influenced global prices for agriculture commodities like corn, soybeans and wheat—a market reality that likely won’t change until the war ends
Corn, soybean and wheat prices have all traded near their 20-year highs in 2022, but concerns about the strength of the global economy have contributed to a recent pullback in the agricultural sector.
Prices across the agricultural sector have skyrocketed as expectations for the summer and fall harvest have been revised downward due to the war in Eastern Europe.
The American agricultural commodities sector has been hot in 2021 as Chinese buyers have reentered the export market, and a widespread drought has raised supply concerns.
The prices for many key American agricultural commodities have skyrocketed in the last six months, and most market participants cite the re-emergence of Chinese buyers as the primary catalyst. Investors and traders looking to read the inflation tea leaves may want to start following the agricultural sector a little more closely. That’s because many of … Continued
Agricultural commodities are hitting multi-year highs on optimism that a strong global economic rebound will unfold in 2021. Not to be outdone by the stock market and bitcoin, the agricultural corner of the U.S. financial markets has officially joined the “everything rally,” with many of the most prominent “ags” trading at multi-year highs to start … Continued