WEAT / Wheat futures touch their lowest price since late 2020, then edge higher after USDA data

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