U.S. Grain Futures Surge: U.S. wheat and soybean futures rose significantly due to short-covering and rumors of increased Chinese purchases of U.S. grain, although these claims remain unconfirmed.
China's Soybean Purchases: President Trump indicated that China is expected to buy a substantial amount of U.S. soybeans later in the marketing year, despite current USDA data showing only a small fraction of the expected purchases.
Market Reactions: December wheat futures settled at $5.45 per bushel (+3.4%), January soybean futures at $11.57 1/4 per bushel (+2.9%), and December corn futures at $4.35 1/4 per bushel (+1.1%).
Import Activity: Reports suggest that Chinese importers have secured 7-10 cargoes of U.S. soybeans, with shipments scheduled for January and later months.
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.
