Will global warming help wheat? [Webinar]

Russia's aggression against Ukraine has pushed wheat prices to historic highs, but despite the fact that both countries - according to FAO, responsible for the production of almost 2022 million tons of wheat in 125 - have been at war for over two years, the price of this popular grain remains in a long-term trend inheritance. Will global warming help wheat? Questions about this market will be answered next Wednesday, March 27, by XTB analyst and holder of the prestigious CFA certificate, Michał Stajniak.

Will global warming help wheat?

Contrary to the demands made during farmers' protests, it is not grain from Ukraine or EU climate regulations that are to blame for low grain purchase prices in Poland, and more broadly, also in the world. Despite drastic increases caused by the outbreak of the war in Ukraine, approximately from the end of 2022 wheat prices remain in a clear descending channel. The market situation for the popular grain will certainly not be helped by the surplus this season, among others, Argentina or Australia. However, the key seems to be the fact of constant pouring wheat market by Russia, which had an excess of 60 million tons of grain last season. In mid-March this year. The European Commission has announced that it will develop rules to tackle the surge in imports of Russian agricultural produce into the EU. Will this be enough to stop the decline in the wheat chart?

The situation on the raw material market rarely changes under the influence of only one factor. The conditions in which the plants develop are also crucial for future harvests. And according to meteorologists, weather patterns associated with El Niño are slowly fading and should stop completely in late spring or early summer this year. Will global warming help wheat?

He will answer questions about the future of wheat prices and the potential of this market next Wednesday, March 27 at 19:00, analyst XTB and the holder of the prestigious CFA title, Michał Stajniak.

Take part in a free online meeting and find out:

• What effect does global warming have on wheat production?
• Will high harvests ruin the bulls' hopes?
• What might the near future look like for wheat prices?

About the host

Michał Stajniak - Raw Material Market Analyst in XTB. It places particular emphasis on the linkages between the behavior of commodity prices and the currencies of economies heavily dependent on exports of commodities such as oil, iron ore, gold and powdered milk. He is the author of frequent comments comparing commodity price indices with currency pairs such as AUDUSD, NZDUSD, USDCAD, USDNOK, or EURNOK. He represents XTB in the media (including TVN24 BIS, Polsat News, TVP Info, Bankier TV or Onet TV) and is the author of articles in the financial press such as Parkiet, Puls Biznesu and Dziennik Gazeta Prawna. He is a practitioner of the stock market and the derivative market. In his approach, he values ​​fundamental analysis above all, but often uses Fibonacci levels to determine the demand and supply zones needed in a Price Action strategy. A graduate of Quantitative Methods in Economics and Information Systems at the Warsaw School of Economics.

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