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The North American cocoa grinds were 4% lower than a year ago


Wheat
Winter Wheat markets were higher in reaction to news that the Russian government is looking to tame food inflation inside the country by taxing and issuing new export quotas on Wheat along with some other agricultural products. US prices moved very close to international prices and US markets searched for new demand.  Export demand has started to improve with the close price relationships although they are still not huge.  World prices have held steady or worked a little higher even with additional supplies available to the market as Russian prices remain elevated.  Australian supplies have increased as its harvest is moving forward.  US weather is mixed with still dry conditions in the western Great Plains.  Some precipitation was reported in the eastern Great Plains and in parts of the Midwest.  Parts of eastern Ukraine and southern Russia remain dry.  USDA increased export demand and cut ending stocks in its supply and demand reports released Thursday.   ....

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