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Wheat slips from two-month peak, pressured by war and demand risks

The Edge Markets LogoThe Edge Markets1w ago

Wheat slips from two-month peak, pressured by war and demand risks - The Edge Markets

Quick Summary:

"Trade flows are not without disruption risk, but so long as ports and transit lanes are open for grains, then prices should generally stay contained," Citi analysts said in a note.

The most-traded wheat contract on the Chicago Board of Trade (CBOT) was down 1.9% at US$8.93-1/2 a bushel.

"Investors are nervous about rising rates, hawkish central banks, Russia, and the strong US dollar," Peak Trading Research said in a commodities note.

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Article Details

Category: InvestingFinance

Topics: Trade Ukraine Economic Bushel Risk Investors Russia Forecast Chicago Wheat Corn

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 13:47:55

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 367 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 494388

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About The Edge Markets

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