3 Wheat Stocks to Buy as the Shortage Continues
Wheat stocks to buy is our topic for today. The impacts of climate change and Russia’s invasion of Ukraine, a major wheat exporter, have caused major upheaval across commodity markets in 2022. Meanwhile, the demand for food and biofuel has surged as economies are recovering from pandemic-related disruptions. After corn and soybeans, wheat is the third most widespread crop worldwide. Russia and Ukraine have a pivotal role in the market, as those two countries account for over one-quarter of global wheat exports. The tightening of global supplies, soaring inflation , and rising global demand drove wheat prices to an all-time high in early March 2022. Yet wheat prices recently dropped to the same level as before Russia’s invasion of Ukraine. At the time of writing, the price of wheat hovered around $8|bushel , up 5.6% over the previous 12 months. Although the wheat market has taken a breather recently, analysts suggest that the prices of most agricultural commodities can jump well into 2023.
3 Wheat Stocks to Buy as the Shortage Continues
Wheat stocks to buy is our topic for today. The impacts of climate change and Russia’s invasion of Ukraine, a major wheat exporter, have caused major upheaval across commodity markets in 2022. Meanwhile, the demand for food and biofuel has surged as economies are recovering from pandemic-related disruptions. After corn and soybeans, wheat is the third most widespread crop worldwide. Russia and Ukraine have a pivotal role in the market, as those two countries account for over one-quarter of global wheat exports. The tightening of global supplies, soaring inflation , and rising global demand drove wheat prices to an all-time high in early March 2022. Yet wheat prices recently dropped to the same level as before Russia’s invasion of Ukraine. At the time of writing, the price of wheat hovered around $8|bushel , up 5.6% over the previous 12 months. Although the wheat market has taken a breather recently, analysts suggest that the prices of most agricultural commodities can jump well into 2023.