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Barchart

Andrew Hecht

After the Recent Pullback, Where are Wheat Prices Headed?

CBOT Russia Ukraine KCBT WEAT ETF

My Q2 Barchart article on the grain markets documented that CBOT wheat futures fell 8.09% in Q2 and were nearly 20% lower over the first six months of 2023. Nearby wheat futures settled at $6.3625 per bushel on June 30. In the Q2 piece, I wrote:

Geopolitics and the weather will determine the path of least resistance of prices over the coming months and years. Grain prices were mostly lower in Q2 and over the first half of 2022, but that does not mean they will not come storming back later this year.

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