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Wheat Heading back to $700-800 range, supply surpassed demand

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Wheat Future (FX:WHEATF)  
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FX:WHEATF   Wheat Future
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Wheat Heading back to $700-800 range, supply has now surpassed the demand.

Ukraine is now shipping wheat from Moldova and shipping out via train etc

Russia is supplying Ukraine wheat from Mauripol

Russia is supplying wheat to Bandladesh and a number of African countries

Australia has had 20% bumper record crop being on the top 3 wheat producers




Price will go back to normal now it has almost been 6 months since the war has started
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