A Warmer-Than-Expected Summer Could Push Wheat Prices Higher
Wheat prices could stay elevated through the summer if climatic forecasts of hotter, dryer weather persist.
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Wheat prices could stay elevated through the summer if climatic forecasts of hotter, dryer weather persist.
It's been over a year since Russia invaded Ukraine; the agricultural commodities market expects volatility in corn and wheat prices.
With the ongoing conflict in Ukraine, the world is looking to other suppliers of wheat, including the United States.
Investors looking for an inflation hedge may want to consider corn, especially if South American weather continues to push prices higher.
Investors bullish on rising wheat prices could be smiling all the way into 2024 with only one month down in 2023.