HomeMarketsFuturesWatching Today's WASDE Report | Wheat at All-Time Highs
Watching Today's WASDE Report | Wheat at All-Time Highs

Russia and Ukraine combined provide about 30% of global wheat exports, and the market is wondering if that wheat is going to be available, says Jake Hanley, Managing Director and Sr. Portfolio Strategist at Teucrium Trading. Wheat prices are at all-time highs. Jake discusses the large demand for soybeans in China plus bad weather, has helped to draw down global supplies of grains, even before Russia invaded Ukraine. Jake says that Ukraine accounts for about 16% of global corn exports, and they may have problems planting this spring. Jake says higher prices of food and energy will influence consumer discretionary spending lower.

Futures

09 Mar 2022

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