WEAT / WEAT: Reiterate Buy On Worsening Wheat Fundamentals

The BEA's core PCE Price Index for September shows core inflation continues to be above the Federal Reserve's 2% long-term target, at 3.7%. The Septem more_horizontal

Geopolitical forces, harsh climate, and other factors contributed to a rough third quarter for wheat, but amid the bearish tones, some analysts see up more_horizontal

The Teucrium Wheat ETF provides exposure to wheat through investments in futures contracts. Recent USDA reports suggest a decline in global wheat prod more_horizontal

Soft red winter wheat prices have fallen to their lowest since late 2020, on ample global supplies, despite the lapse of the Black Sea Grain Initiativ more_horizontal

Wheat futures touched their lowest intraday prices since late 2020 on Tuesday, then moved up modestly after the U.S. Department of Agriculture left it more_horizontal

Wheat prices reached a record high in March 2022 before experiencing a steep correction. Nearby wheat futures have dropped to the lowest price since e more_horizontal

If a potential central bank pivot from hiking interest rates isn't enough, then geopolitical factors could add an additional dosage of volatility to w more_horizontal

India is looking to get seemingly out-of-control wheat prices in order with a potential import tax cut or even by abolishing the tax altogether. The n more_horizontal