Wheat futures jump as coming storm seen hitting already waterlogged crops
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2025
0mins
Source: SeekingAlpha
Wheat Futures Surge: Wheat futures rose by 4.5% on the Chicago Board of Trade due to concerns over potential storm damage to winter wheat crops in the U.S. Plains, which are already suffering from saturated soil conditions.
Ethanol Production Update: U.S. weekly ethanol production decreased slightly after reaching a record high the previous week, averaging 1.109 million barrels per day, though it remains above historical averages.
Analyst Views on WEAT
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.
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Current: 20.310
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Current: 20.310
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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.
