Even after the strength wheat has shown over the last few weeks, there are still a few non-believers out there when it comes to how the market has traded. I, of course, use the phrase ‘non-believer’ a little tongue in cheek, because while wheat is not a religion, trading it may make you have to find religion…but I digress...
While they may not be wrong, when it comes to the long-term price dynamics in wheat, the potential changes in the world supply outlook remain something to watch, with numerous implications across a whole host of markets.
