Wheat Market Outlook - November 13, 2023

Wheat Market Outlook
13/11/2023 13 min

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Episode Synopsis

According to Mercantile, the funds are maintaining a large short position, but there was nothing in the USDA report to cause them to change course. Russian wheat remains the cheapest for most of the potential importers, and weak currencies against the dollar remain negative to demand, Mercantile says. The trade will be watching the harvest results in the Southern Hemisphere and Chinese wheat demand.
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