U.S. Grain Futures Decline: U.S. grain futures fell as progress on a trade deal with China appears slow, leading Chinese buyers to seek imports from other sources, particularly affecting soybean prices.
Concerns Over Soybean Demand: Analysts express worry over China's reduced purchases of U.S. soybeans, while increased wheat supply from Russia and decreased corn demand from Mexico and South America contribute to lower prices.
Ethanol Stockpile Drop: U.S. ethanol inventories have hit their lowest level in nearly a year, raising concerns about corn demand, with current stockpiles reported at 22.55 million barrels.
Current Price Trends: On Wednesday, December wheat closed down 1.4% at $5.24 1/4 per bushel, December corn fell 0.9% to $4.06 per bushel, and November soybeans decreased by 0.2% to $10.47 1/2 per bushel.
Wall Street analysts forecast WEAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WEAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast WEAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WEAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 20.310
Low
Averages
High
Current: 20.310
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
