Wheat Market Overview
Futures news, wheat. Since the beginning of the week wheat price has risen by 0.5$ per bushel, and it keeps rising. This is mostly connected by no rain in the USA and China, despite opposite predictions, as well as lasting dry weather in Russia. At this point there exists a threat of repeating the situation in May, when during 4 days prices have risen by 1$ per bushel due to threats of drought in Russia, Ukraine, and Kazakhstan.
Let us consider the fundamental factors influencing the price....
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