Wheat-How cheap is cheap enough for you?

Dear Reader Reader,

See below on how our tools can simplify your day-to-day and create real value for Reader. If there is another market besides wheat that is of greater interest let me know.

StoneX Plus HedgeMonitor Pro: Bullish

Source: (1) The StoneX Market Indicator, (3) Precipice Analytics

· Chicago wheat: has only dipped below $5.25 four times in the past two years—and each time, prices rebounded over 10%.

StoneX Forecast: indicates a 50¢ value opportunity through the end of 2026.

Source: KnowRisk

StoneX Commodity Indicator: currently neutral, driven by global price weakness.

Source: (1) The StoneX Market Indicator

· Ample storage keeps supply comfortable.

· Exports were very strong last week; another strong week could signal an emerging trend.

· Black Sea prices are falling, which could reduce U.S. export demand.

· Seasonal trend: Wheat prices typically rally through September as attention shifts to planting.

· Funds remain near record short—creating the potential for a sharp upside move if geopolitical risks flare or planting conditions disappoint.

Hedge Strategy

Hedge at least some of your wheat exposure.
Fixed-price contracts are attractive at current levels.
If carry concerns you, collars offer a strong way to protect upside while minimizing opportunity risk.

Your success depends on making the right decisions at the right time. Our tools can help. If you are interested in a different market, just send me an email.

You can reach me at Reece.Frizzell@StoneX.com or by phone at (816) 410-3314.

Let’s set up a time to talk about how we can simplify your day-to-day and create real value for your business.

“Without data, you’re just another person with an opinion.”
— W. Edwards Deming

Reece Frizzell | Business Technology & Data Analyst
_________________________________________________________________________________

O: +1-816-410-3314 C: +1-816-946-9709

www.stonex.com | Reece.Frizzell@stonex.com

230 South LaSalle | Suite 10-500 | Chicago | IL 60604

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