Global stocks curb wheat price rally

By Malcolm Bartholomaeus
Updated July 2 2021 - 3:08am, first published July 8 2019 - 10:57am
Table 1: Weekly move in wheat prices. Source: Malcolm Bartholomaeus
Table 1: Weekly move in wheat prices. Source: Malcolm Bartholomaeus

Wheat futures have pulled back from their highs, down to the base of the trading range seen during the latter part of 2018. A sharp decline coinciding with the end of June is almost normal. What we now await is whether there is enough happening in the global market to fire up a revisit of the mid year price peak.

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