Food Prices Fell in June as Focus Switches From War to Harvests

Wheat prices fell to their lowest in more than a month, driven by lackluster demand and robust global supplies. The reported price weakness suggests near-term pressure on commodity-related margins and producer pricing, but it is unlikely to be a market-wide shock.

Analysis

Wheat prices fell to their lowest in more than a month, driven by lackluster demand and robust global supplies. The reported price weakness suggests near-term pressure on commodity-related margins and producer pricing, but it is unlikely to be a market-wide shock.