Global, domestic wheat demand sends futures rallying
USDA slashed Argentine corn and soybean output figures for the 2020/21 marketing year in Thursday morning’s World Agricultural Supply and Demand Estimates (WASDE) report. The World Agricultural Outlook Board left Brazilian production estimates unchanged in this month’s report, despite concerns over yield damage due to drought conditions. Domestic ending stocks for corn were unchanged, sending futures prices teetering between fractional gains and losses. But rising domestic usage rates for U...
United States Jacquie Holland European Union World Agricultural Supply Demand Estimates World Agricultural Outlook Board
Source: farmprogress.com