empty
 
 

10.04.202615:21:14UTC+00Wheat Prices Plunge as USDA Boosts Global Stock Forecast

Wheat futures dropped to $5.70 per bushel, the lowest level since early March and on track for the steepest weekly decline since June, after the USDA’s latest WASDE report raised its outlook for global stocks. The agency now projects world wheat inventories at 283.12 million metric tons for the 2025/26 marketing year, up from 276.96 million tons and above market expectations, largely reflecting stronger harvest prospects in Russia and the EU. The report also highlighted improving U.S. crop conditions and a broadly ample global supply picture. Even so, Commerzbank expects prices to rebound in the coming months, contending that the recent selloff may be excessive given downside risks to the new crop, including potential fertilizer shortages linked to the conflict involving Iran.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback