Wheat Market Outlook - January 22, 2024

from Wheat Market Outlook · host Sask Wheat

Mercantile expects wheat futures to continue sideways. They think the wheat market is supported but will have difficulty moving higher while corn remains under pressure. Traders will watch the Southern Hemisphere weather and focus will be on the Northern Hemisphere for winter crop development and spring crop planting. If attacks continue in the Red Sea, we may see cash C&F prices move higher.

Episode metadata supplied by the publisher feed · Published Jan 22, 2024

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Wheat Market Outlook - January 22, 2024

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