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This one has really hit the news
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This was not an anticipated purchase - It's pretty clear that Iranian marketplace options for hard wheat (right now) were pretty limited. The interesting part is that the Iranian shortfall is estimated at around 4.5 mil metric tons, and this sale is for 1.18 mil metric tons. So it could grow even more. Depends on wheat harvests in places like Australia, which is still several months off.
I'd be interested in a geopolitical "read" on how this affects "other ongoing issues" between Iran and the US. Thoughts?
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