Wheat markets volatile amidst surplus and strong Black Sea exports

Some wheat growers are still holding out for higher prices, hoping global events will push the market up. Recent weeks have seen price fluctuations on both European and US exchanges. Meanwhile, strong exports from the Black Sea region, especially Russia, are shaping the global supply. Market uncertainty persists The growers who have not yet sold their wheat continue to hope for rising prices. They suspect that the war in the Middle East could eventually affect global price formation.