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According to Mercantile, the wheat market is decently supported as harvest pressure eases. With that said, Mercantile believes wheat prices will remain under pressure until values firm in the Black Sea and dryness in the Black Sea, the U.S., and Australia will need to be watched. Mercantile would store wheat and avoid additional sales until 2025.
By Sask WheatAccording to Mercantile, the wheat market is decently supported as harvest pressure eases. With that said, Mercantile believes wheat prices will remain under pressure until values firm in the Black Sea and dryness in the Black Sea, the U.S., and Australia will need to be watched. Mercantile would store wheat and avoid additional sales until 2025.

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