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    What Could Change the Current Bearish Wheat Market?

    15 May 2025
    Following the latest bearish USDA report, hedge funds have extended their record short positions across all wheat futures. This aggressive stance reflects how pessimistic the market has become, with expectations of larger global production and rising ending stocks for the new season. However, markets can shift rapidly. Several key watch points could trigger at least a short-term rebound. Let’s review the current situation and identify potential catalysts for price support.

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