Wheat Market Outlook - November 18, 2024

from Wheat Market Outlook · host Sask Wheat

Mercantile discusses how the wheat market is becoming increasingly complex. The global wheat production outlook is mixed. Political interference will be a major feature moving forward. There is uncertainty about the impacts of the Russian export quota, and the potential policies of the Trump administration. The very strong U.S. dollar and weak currencies in importing nations is not helping demand. However, wheat has become competitive to corn, which should support demand longer term.

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Wheat Market Outlook - November 18, 2024

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