wheat futures
Cereal crop speculation
Wheat futures are contracts to buy or sell wheat at a predetermined price on a future date.
Traded on commodities exchanges, they allow farmers to lock in prices for upcoming harvests and speculators to bet on price movements.
Wheat futures rose sharply after the drought forecast.
The term often appears in financial news as a barometer of agricultural markets and food costs.
- grainCereal plant's harvest unit
- bread basketContainer for dinner rolls
- hedgingNoncommittal maneuvering
- barleyGrain for malt
- cornCereal grown on cobs
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