Rain Is Back! Positive for Crops, Negative for Prices.

29 May 2025

Wheat prices have returned to square one. Last week’s rally - fuelled by weather concerns and fund short-covering - was short-lived. Markets are now back near recent lows, and the long-term bearish trend remains intact. Weather risks can spark short-term rebounds, but a genuine trend reversal will require hard facts - facts that could challenge the USDA’s very optimistic new crop estimates.

This news is reserved for subscribers.