Low stocks lead to strong prices

By Dennis Voznesenski, Rabobank
November 25 2021 - 11:00am
The global grains trade is experiencing higher demand for feed wheat as a substitute for expensive corn, more "just in case" demand, production shortfalls and government barriers to exports and imports.
The global grains trade is experiencing higher demand for feed wheat as a substitute for expensive corn, more "just in case" demand, production shortfalls and government barriers to exports and imports.

Global wheat prices have risen substantially during the past year, with Chicago Board of Trade (CBOT) wheat values now sitting almost 40 per cent higher year-on-year.

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