The global price of wheat has fallen by 9% in 3 days, speculation on hunger
Wheat
Published May 22, 2022
Tridge summary
The price of wheat has fallen by 9% in the last three days after the UN's commitment to guarantee shipments of the one blocked in Ukraine, the possibility that India will allow compliance with the sales contracts already stipulated despite the ban on the ban. exports and an increase in harvests in Russia by 2.6% to reach 84.7 million tons of which about half are destined for exports (39 million tons).
Original content
This is what emerges from Coldiretti's analysis at the weekly closing of the Chicago futures stock exchange which represents the world reference point for agricultural commodity trading where wheat fell to $ 11.68 per bushel and down 4% in the three days are also the prices of corn for animal feed. A trend - underlines Coldiretti - which does not actually mean overcoming the difficulties, but rather the increased interest in the agricultural raw materials market of speculation that has taken advantage of the high values achieved to make profits. According to analysts, in fact - specifies Coldiretti - the large speculative funds operating on the commodity stock exchange preferred to earn after the record values reached by prices. Speculations - explains Coldiretti - move from financial markets in difficulty to precious metals such as gold to agricultural products where prices depend less and less on the real trend of supply and demand and increasingly on financial movements and ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.