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Wheat Gains Slow as Russia-Ukraine Conflict Heats Up

Posted September 30, 2022
in Top Ag News

Wheat futures have been gaining rapidly this week as supply concerns due to the Russia-Ukraine war and adverse weather in key exporting regions cause significant price gains. Dry conditions in the U.S. plains and South America paired with a lagging harvest in Canada are squeezing the supply outlook. However, wheat futures slowed Thursday after a rally. Corn and soybean prices are also down.

The market could again shift as the U.S. Department of Agriculture’s quarterly U.S. grain stocks and annual small grains reports are set to be due on Friday.

Read more about the commodity market update.

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