USDA, ABARES estimates highlight — this week in the grain markets



Grain markets ended the third week of February mixed, with the wheat complex gaining ground that was lost last week while corn and oilseeds had a red week. The latter was a function of larger acres estimated by the USDA at their annual Ag Outlook conference in Washington. While the market was looking for more tangible estimates on demand, no concretely bullish export values emerged and corn and soybean prices pulled back (which carried over into canola). Also hanging over grain markets is concerns of economic impact from the coronavirus (which is still not slowing its spread) and climate protests…

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