Volatile Wheat Markets Highlight Unexpected Opportunities

In late May, U.S. Wheat Associates (USW) noted a bullish sentiment in the wheat market, driven by adverse weather and shifting supply and demand conditions. Since then, the market's volatility, a constant presence for over two years, has returned. Until global supply and demand are more clearly defined, markets will remain sensitive to changes in weather, perceived consumption, and supply shifts. However, this recent volatility may reveal unexpected buying opportunities for U.S. wheat.