Heavy Rain and Humidity Is Decimating China’s Wheat Supply
June 01, 2023 at 11:16 AM EDT
China’s surplus of wheat could be decimated by heavy rain and high humidity, according to the South China Morning Post. It could give bullish wheat traders signs of life. The second-largest economy represents the world’s largest producer and consumer of wheat. The strategy to shift from corn to wheat for animal feed is certainly affected by this [...] The post Heavy Rain and Humidity Is Decimating China’s Wheat Supply appeared first on ETF Trends .