An August 20 Barchart article on the grain and oilseed markets highlighted wheat as the agricultural product in the grain sector that could be the first to bottom. I wrote:
The ongoing war in Ukraine threatens supplies from Europe’s breadbasket. Moreover, the Black Sea Ports, a critical logistical hub for grain exports, remains a war zone in 2024. The conflict could impact wheat production and distribution channels over the coming years. Supply concerns support global wheat prices at the current price levels.
