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Wheat Surges and Brent Volatility

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Wheat Market Dynamics. As of friday 14th of February the wheat futures have surged in price. With the CBOT prices surpassing $600 per bushel which is the highest its been since September 2024. This surge is attributed to rising tariff concerns, high export volumes, and adverse weather conditions in the key U.S. wheat-producing regions. The weather forecasts suggests lower than average temperatures which could affect the winter wheat and barley crops, especially in areas lacking adequate snow cover. We also see that money managers have reduced their net short in CBOT wheat futures indicating an increased market optimism.   The global what import demand is projected to decline due to increased local production and economic challenges among the top importers. China for example is expected to reduce its imports by nearly 40% due to an 2.6% increase in it's domestic production. Brent and Crude Oil Market Trends.  Brent prices have shown increased volatility lately, trading at ...