Bruce Burnett did not mince words during a recent MarketsFarm webinar. “The wheat market has been brutal, there’s no question about that,” said the analyst. It has gone counter to what he was anticipating for 2023-24. Nearby Minneapolis wheat futures prices have been on a steady decline since early 2022, seemingly ignoring market fundamentals. Wheat […] Read more
Tag Archives wheat market — page 3
EU running low on high protein spring wheat
The market fundamentals for spring wheat are bullish, says an analyst. “I think you’re probably going to be looking at better pricing opportunities here in the future,” said MarketsFarm analyst Bruce Burnett. Strong demand combined with supply problems in key export markets would suggest the crop is undervalued. Minneapolis spring wheat December futures have tumbled […] Read more
Wheat market’s reaction to U.S. rain baffles grain sector
Industry officials are flummoxed by recent wheat market behaviour. Hard Red Winter Wheat (HRWW) July futures tumbled 16 percent between April 18 and May 2. The freefall was due in part to a two-day rain during the last week of April that delivered up to 100 millimetres of moisture to parts of the southern U.S. […] Read more
