Frontrunner - 23rd October 2020
Earlier this week the world's futures markets continued to rise, extending their bull run that began back in August. US Chicago Board of Trade (CBOT) futures were close to a six-year high whilst Paris and London wheat futures each set new contract highs. Prolonged dry weather has been an increasing concern for wheat crops in Argentina, the US and Russia, and has latterly been the primary price driver. Each of these countries has received some rain, which is a benefit for some regions but mostly deemed insufficient, particularly for Russia where the forecast remains dry.