Market sentiment for wheat futures prices turned mildly bullish this week as export demand from Egypt exceeded forecasts, pushing July contracts above $6. Like Dollar Shave Club, Harry's offers a $5 shaving essentials grooming starter pack that includes one five-blade razor blade cartridge, handle, travel cover and shave gel. With a Harry's Shave Club subscription, you get eight new cartridges for $16 (plus shaving gel for an extra $6) every two, three or six months, depending on how often you shave. Real prices have now fallen back to levels last widely seen in 2016–2018, despite higher nominal figures. So, while headline prices may appear strong, their actual purchasing power has weakened. Similar patterns are evident in barley and oilseed rape markets. Wheat futures prices are edging higher, up 1.2% week-on-week, supported by weakness in the dollar index. This currency trend is making U.S. wheat more competitive globally, keeping bulls interested despite adequate global stocks.
