CommodiWisor
BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%
Intelligence Engine
Agriculture · ZW · USc / bu

Wheat ZW

Wheat trades on weather and geopolitics in roughly equal measure. Black Sea export dynamics, La Niña wheat-belt impacts, and Russian dominance of cheap exportable surplus create persistent tail risks both directions.

Spot
$562.25
Δ 24h
+0.1%
Realized Vol
19.3%
Cycle Phase
Expansion
Price Timeline · 10Y

Interactive History

Hover · Click events
20152016201720182019202020212022202320242025
Annotated Macro Events
2022Ukraine InvasionBlack Sea exports halted; wheat spikes to $13/bu briefly.
2023Grain Corridor CollapseRussia exits Black Sea Grain Initiative.
2024Record Russian HarvestRussian export surge compresses global prices.
Cycle Phase Breakdown

Where Wheat ZW Sits in Its Supercycle

25%
20%
35%

Accumulation

25%

Stocks rebuild.

Early Bull

20%

Weather watch.

Expansion

35%

Current — geopolitical premium plus La Niña risk.

Peak Euphoria

10%

Crisis tail.

Distribution

10%

Bumper harvest scenario.

Supply & Demand
  • Global Stocks-to-Use30.1%
  • Russian Exports52 Mt
  • US Spring Plantings11.2M acres
Cross-Asset Correlation
  • Corn
    0.71
  • Soybeans
    0.58
  • USD/UAH
    0.32
Exposure Vehicles
  • WEAT
    Teucrium Wheat Fund
  • DBA
    Invesco DB Agriculture Fund
View Full Tracker →
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