Demand Drop and Port Woes Affect 2023/24 Wheat Trade

On Monday, falling demand and inexpensive Russian wheat drove down wheat prices on the Chicago Board of Trade. This change also affects U.S. exports negatively. On the flip side, Canada’s low production forecast boosts prices. The European Union also cuts its export plans, citing competition with Russia. Besides these global elements, Brazil’s 2023/24 wheat season […]

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