Wheat Short

Wheat is in short trend. The reason is connected with optimism connected with new harvest and opening a new sea route for Ukrainian wheat through the Danube. A lot of wheat is transported through Poland and new logistic infrastructure like grains terminals are under construction. However, market sentiment may change quickly if military activity will disrupt new logistic connections. At this moment, we can expect price of wheat to fall below $600, if nothing fundamental will not affect new routes for Ukrainian wheat.