Wheat supply is, and remains high

Geopolitical uncertainty in the Black Sea region continues to affect the commodity market. Polish farmers protested this week, because much of Ukraine’s grain remained in Poland, causing an overabundance that led to losses for Polish farmers. And this action caused the grain prices to rise. In response to the protests Poland imposed a temporary ban on Ukrainian grain last weekend, and later Hungary and Slovakia – which also experienced difficulties – joined in. At the beginning of t