Wheat markets experience, yet again, price cuts

In the past week, wheat markets have had to, once again, accept price cuts. On the futures market in Paris, prices dropped by about 4%. Chicago lost just over 2% from the previous week’s close. 2 new reports from the USDA Department of Agriculture were primarily responsible for the decline in wheat prices. In 1 report, estimates were given for US winter wheat acreage for the 2022 harvest. According to preliminary figures, the acreage will increase by 2%. This shift is larger than analysts h