Teucrium Wheat Fund

WEAT tracks an index of wheat futures contracts. It reflects the performance of wheat by holding Chicago Board of Trade wheat futures contracts with three different expiration dates.

Geopolitical forces, harsh climate, and other factors contributed to a rough third quarter for wheat, but amid the bearish tones, some analysts see upside ahead for the agricultural commodity. It could be a simple case of market gravity where what comes up must eventually come down.

Analyst Sees Wheat Strength Despite Rough Third Quarter

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Russia, a top exporter in wheat, is coming off a bumper harvest, which should inject a healthy supply that could put downward pressure on prices. It's welcome news for consumers, but traders may want to watch prices closely as they continue to trend downward.

Wheat Prices See More Downward Pressure After Bumper Harvest

The Teucrium Wheat ETF provides exposure to wheat through investments in futures contracts. Recent USDA reports suggest a decline in global wheat production, potentially leading to higher wheat prices. The ending stocks/use ratio suggests price is 10-15% cheap. The ongoing Russia/Ukraine war and the blockade of Ukrainian wheat could contribute to a shortage of wheat in the global market.

WEAT: Reiterate Buy On Worsening Wheat Fundamentals

Soft red winter wheat prices have fallen to their lowest since late 2020, on ample global supplies, despite the lapse of the Black Sea Grain Initiative, which was meant to keep global markets supplied with food in the wake of the Russia-Ukraine war.

Why wheat prices have fallen to their lowest since 2020 despite Russia-Ukraine grain deal's lapse

Wheat futures touched their lowest intraday prices since late 2020 on Tuesday, then moved up modestly after the U.S. Department of Agriculture left its 2023/2024 U.S. all wheat outlook for supply and use unchanged in its latest World Agricultural Supply and Demand report released Tuesday. The USDA forecast U.S. total wheat supply for the 2023/2024 crop year at 2.444 billion bushels and domestic use at 1.829 billion bushels, which would see ending stocks of 615 million bushels at the end of that crop year.

Wheat futures touch their lowest price since late 2020, then edge higher after USDA data

High food prices aren't relenting and harsh weather conditions should continue to keep them elevated. This could spell opportunities in agricultural commodities.

Harsh Weather Is Keeping Food Prices Elevated

Wheat prices reached a record high in March 2022 before experiencing a steep correction. Nearby wheat futures have dropped to the lowest price since early 2021. The KCBT-CBOT spread remains elevated, indicating price and supply concerns for wheat in the US.

WEAT: Time To Buy As CBOT Wheat Prices Drop To $6 Per Bushel

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August was an average-to-downbeat month for investors, mainly due to rising rates.

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In addition to re-injecting growth into its economy, China is looking to bolster its food security after harsh weather conditions hit key crops like wheat. The second-largest economy had bright prospects heading into 2023 but still deals with a spate of issues hampering economic growth, such as the after-effects of a real estate development crisis.

Push for Food Security in China Could Affect Ag Commodities

If a potential central bank pivot from hiking interest rates isn't enough, then geopolitical factors could add an additional dosage of volatility to wheat prices. In particular, supply disruptions in Ukraine as the conflict with Russia continues could be significant.

Ukraine Supply Disruptions Will Lead to Wheat Price Volatility

India is looking to get seemingly out-of-control wheat prices in order with a potential import tax cut or even by abolishing the tax altogether. The news comes via Reuters.

India Looks to Ease Wheat Prices With Potential Tax Cut

The Russia-Ukraine conflict continues to escalate after an extension of the Black Sea grain deal was nixed. In the meantime, wheat futures rose, bringing delight to traders bullish on the commodity.

Wheat Trends Higher After Black Sea Grain Deal Ends

Wheat prices climbed to their highest since February as Russia mounted large attacks on Ukrainian ports and grain storage facilities on the Danube river. Futures contracts rose 8.6% on Monday after a Russian drone attack destroyed a grain storage silo in the Ukrainian port of Reni.

Wheat prices hit highest since February as Russia targets grain storage

Wheat prices rose sharply Monday following a strike by a Russian drone on a Ukrainian port on the Danube river.

Wheat prices rise after Ukrainian Danube port hit

One of the key movers in agricultural commodities prices is the Black Sea Grain Deal, which Russia is threatening to abandon. An even bigger picture, however, is the global food crisis, which could potentially keep ag commodity prices afloat.

Global Food Crisis Could Keep Ag Commodities Afloat

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Given the current global and national economic environment, investors and advisors remain keen on finding new asset classes to put funds into. The main topics and asset classes investors continue to engage with are U.S. fixed income, U.S. equities, and international equities.

Interest in Commodity ETFs Continues to Drop

Wheat prices rose for a third straight day on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers.

Wheat prices soar for a third day as Russia-Ukraine tensions stoke fears of major food crisis

The war in Ukraine has led to a surge in CBOT wheat futures prices due to concerns about supply and price. In 2022, Russia and Ukraine accounted for 27% of worldwide wheat exports. The USDA's WASDE report indicates that while global ending inventories declined, ending U.S. stocks increased. The report also raised its forecast for Russian wheat exports, and worldwide consumption expectations increased. The Teucrium Wheat ETF product tracks a portfolio of CBOT wheat futures contracts. Russia's decision to terminate the grain agreement with Ukraine could lead to higher wheat prices.

News From Russia Could Be Very Bullish For The WEAT ETF Product

Wheat prices on Wednesday were on track for their biggest one-day gain since February 2022. On Tuesday, Russia launched missiles at the port of Odesa, one of Ukraine's key grain-exporting hubs.

Wheat prices head for biggest single-day gain since Russia invaded Ukraine after fresh attacks on key grain facilities

Global inflation is finally coming down, but heightened geopolitical tensions could mean that food is about to get a lot more expensive.

Wheat prices soar as Russia-Ukraine tensions flare

Wheat futures rallied by nearly 8% on Wednesday and are poised to settle at the highest in three weeks, with tensions between Russia and Ukraine rising the wake of Moscow's suspension of the Black Sea grain deal.

Wheat prices rally as Russia-Ukraine tensions rise after the suspension of the grain deal

Russia's decision Monday to suspend the Black Sea Grain Initiative led to a short-lived rally in the wheat and corn markets, but concerns over global supplies of key commodities from Russia and Ukraine are set to climb, contributing to uncertainty over global inflation.

Why Russia's decision to halt grain deal is stirring global inflation worries

The Teucrium Wheat Fund (NYSEARCA: WEAT ) briefly climbed today after Russia announced that it will be backing out of the Black Sea grain deal. What's up with wheat prices and the WEAT exchange-traded fund (ETF) lately?

WEAT ETF Alert: Why Are Wheat Prices Up Today?

Wheat futures jumped after Russia announced it was pulling out of a deal brokered by the United Nations allowing Ukraine to export grain through the Black Sea.

Wheat Prices Jump After Russia Pulls Out of Deal Allowing Grain Shipments From Ukraine

Wheat futures declined on Wednesday, with prices looking to post their lowest settlement since mid-June after the U.S. Department of Agriculture raised its U.S. wheat supply outlook. It lifted its 2023/2024 U.S. wheat supply projection to 66.66 million metric tons, from 65.28 million in the June report.

News for Teucrium Wheat Fund ETF (WEAT)