Reply To: Commodity Traders Weekly Outlook: Oil and Biofuel Complex Soars Following OPEC Move


Rabobank cutsits 2023 forecast for CBOT wheat prices from last month. It now expects $US700-$US730 per bushel.

Large Ukrainian and Russian exports continued to flood markets and suppress prices, it said.

The Black Sea grain corridor was extended but only for 60 days, meaning it will need to be renewed before the Ukrainian harvest.