📈 Wheat Market Resilience Amidst Weather Shifts and Trade Tensions

Wheat futures on the Chicago Board of Trade (CBOT) experienced a modest rise this week, marking a 0.20% increase to $5.26-3/4 per bushel, despite recent declines. This uptick is attributed to technical buying amidst anticipated beneficial rains in the US’s primary wheat-growing regions, which may alleviate some drought concerns. However, broader market pressures such as the ongoing US-China trade tensions continue to cast a shadow over the market.

Current wheat prices across various global locations remain steady with minor fluctuations observed in the Ukrainian and French markets. The detailed price data from these regions reflects a stable yet cautious market environment, influenced by both geopolitical and climatic factors.

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📊 Market Overview

Location	Type	Price ($)	Previous Price ($)
CBOT (US)	Protein min. 11.50%	0.22	0.22
Odesa (UA)	Protein min. 11.50%	0.26	0.26
Paris (FR)	Protein min. 11.00%	0.26	0.26

📉 Key Market Drivers

• Improved autumn wheat conditions in the US, as noted by Agritel.
• Anticipated rains in the southern Great Plains which may benefit the crops.
• Impact of the US-China trade war on soy and indirectly on wheat through market sentiment.

⛅ Weather Forecast – Key Growing Regions

Upcoming weather conditions are expected to be favorable with much-needed rainfall in the US Great Plains. This could potentially enhance wheat yields barring any unforeseen negative weather events. European regions are also expected to experience stable weather, supporting ongoing harvesting activities.

🔮 Price Forecast – Next 3 Days

Date	Expected Price Range ($)
Next Day	5.25 – 5.30
Following Day	5.23 – 5.28
Third Day	5.20 – 5.25

Market participants should monitor weather reports and trade news closely, as these factors will likely drive wheat prices in the short term.