Wheat petite: China's wheat output set to drop sharply in wake of bad weather

BEIJING (Reuters) - China’s wheat output could drop as much as 20 percent this crop year after bad weather hit fields in major growing areas, likely boosting imports by the world’s top producer and consumer of the grain, traders and an analyst said.

From: https://www.reuters.com/article/us-china-wheat-output/wheat-petite-chinas-wheat-output-set-to-drop-sharply-in-wake-of-bad-weather-idUSKBN1JH06O

JUNE 20 – WHEAT PRICES POP 2% AS MARKETS LOOK FOR A BOTTOM

Market News

Wheat prices recovered Wednesday as buyers snapped up contracts in an oversold market and are now looking to profit from a rebound in sentiment. The day was dominated by wheat’s more than 2% gains as corn prices and soybean prices were up marginally.

It’s difficult to say that prices have reached a bottom in the wake of President Trump’s ongoing tariff tantrum. With that in mind, let’s take a look at grain prices at the Chicago Board of Trade.

From: https://farmlead.com/blog/grain-markets-today/june-20-wheat-prices-pop-market-looks-for-bottom/

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