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Wheat Heading back to $700-800 range, supply surpassed demand
Wheat Future
Short
Wheat Heading back to $700-800 range, supply surpassed demand
By smartestcookieinthejar
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Jun 27, 2022
1
Jun 27, 2022
Wheat Heading back to $700-800 range, supply has now surpassed the demand.
Ukraine is now shipping wheat from Moldova and shipping out via train etc
Russia is supplying Ukraine wheat from Mauripol
Russia is supplying wheat to Bandladesh and a number of African countries
Australia has had 20% bumper record crop being on the top 3 wheat producers
Price will go back to normal now it has almost been 6 months since the war has started
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smartestcookieinthejar
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