bearish
Lower prices and uncertain demand: navigating choppy waves of wheat markets in 2024
SUMMARY
- Global wheat prices have been defying expectations and have continued on a downward trend since the start of 2024
- Russia is expected to have a high wheat production of over 90 million tons in 2024 due to favorable growing conditions
- Ukrainian wheat exports are expected to improve with better logistics and an estimated production of nearly 20.5 million tons in the 2024-25 season
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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