North America Across the North American region, the Wheat Prices demonstrate a mixed market trend throughout the second quarter of 2023. The prices of Wheat in Canada improved slightly with the start of April, which was a result of a slight increase in domestic inquiries successfully catered by available stockpiles among the local merchants. However, mid of the second quarter again witnessed a significant dip in the prices of Wheat because of a decline in manufacturing activities supported by weakened Raw material prices purchased by manufacturers to produce various products, including Wheat. Moreover, as per May’s trend, the prices for energy and petroleum products fell for a fourth consecutive month in May 2023, leading to the monthly decrease in the IPPI (Industrial Product Price Index). Apart from that, as traders assessed a mixed weather outlook and tepid export demand, the prices for Wheat remained low throughout May with the settlement of USD 324/MT FOB Vancouver in Canada. F...
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