Wheat futures have risen over 25% in the past month due to heavy buying from speculators
The current price of US$11.12 a bushel has not seen since the 2007-08 global food crisis
Next 6 months will be tough, but we forecast prices to ultimately fall back to pre Russia-Ukraine levels by March 2023
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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