Big Purchase Between October and mid-December 2023, China purchased a massive amount of wheat, totaling 60 million bushels. This included a record-breaking weekly total of 55 million bushels. This unexpected development occurred when U.S. wheat prices had recently hit multi-year lows. Despite initial indications of a record-low year for U.S. wheat exports in 2023/24, China’s sudden purchases are expected to improve prospects in the face of strong competition from other exporting nations. Why Now
Soybeans price spikes as WASDE report points to lower yields invezz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from invezz.com Daily Mail and Mail on Sunday newspapers.
Despite Russia mulling a pivotal deadline that could affect the global grain supply, one expert doesn't see a disruption to the downturn in commodity prices.