Drought drives wheat prices more than trade wars

Despite a sharp decline in global stock markets, international wheat prices have remained stable and even showed positive momentum as of Monday. Unlike other commodities, wheat has not been significantly affected by the escalating global trade tensions or falling equities. Wheat market shrugs off Trump’s trade war The ongoing US trade war, intensified by tariffs under the Trump administration, has had minimal impact on the international wheat market. On the contrary, wheat prices