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july 2023 wheat futures Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

What is the July 2023 wheat outlook?

The July 2023 Wheat Outlook explains USDA’s changes in the official projections for U.S. and world wheat supply and use in the 2022/23 and 2023/24 marketing years that were released in the July 12 World Agricultural Supply and Demand Estimates report.

Will 2023 be a good year for wheat?

Indeed, many things can and will change between now and harvest season in 2023 that could weigh on futures. Today’s values of new-crop futures suggest farmers could be drilling more wheat this year as compared to last year.

Will wheat prices rise in 2023?

That could keep wheat prices elevated into 2023, impacting food prices for consumers globally and ensuring continued high costs for importer countries. Further risks to 2022-23 wheat supplies are possible. Most-active Chicago wheat futures hit a two-month high of $11.83 per bushel on Thursday.

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