Wheat Market Outlook - August 14, 2023

Wheat Market Outlook
14/08/2023 12 min

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Episode Synopsis

According to Mercantile, Russian/Black Sea wheat sales levels remain below North American levels.  On the demand side, Mercantile thinks financials are pressuring new buying and harvest pressure is keeping prices lower.
Spring wheat remains too high compared to Chicago futures in Mercantile’s opinion. However, if you don’t have cash flow needs, Mercantile would put grains to storage and wait for higher prices in the New Year.
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