International Wheat Market

08-Feb-2025 08:48 AM

International Wheat Market
★ The U.S. President announced that tariffs would soon be imposed on other countries as well, leading to a decline in the CBOT wheat market.
★ After 48 hours, Trump suspended the tariffs on China for a certain period.
★ According to Stats Canada, as of December 31, Canada had wheat stocks of 24.48 million tons, which is 0.9% lower than the previous year.
★ Durum wheat stocks were reported at 2.086 million tons.