Wheat prices could trigger a global food crisis
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Wheat futures have risen over 25% in the past month due to heavy buying from speculators
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The current price of US$11.12 a bushel has not seen since the 2007-08 global food crisis
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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").
The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.