Grain markets were able to squeak out some gains this week, but corn prices were the obvious worst performer as the size of the impending harvest becomes better known. Wheat prices were able to earn a few pennies, thanks to hot weather concerns in North America and Argentina, while soybeans were supported by Chinese buying and an edible oils complex that’s feeling a bit bullish. Staying in wheat, while the market has already priced in production downgrades in Europe and the Black Sea, the IGC did just lower its global wheat production estimate by 6 MMT for a total worldwide…
Register to continue reading
Join the RealAg Community
Create a FREE account to access exclusive content, get access to invite-only webinars and, while supplies last, we’ll send you a RealAg Koozy!
- Focus your experience on RealAgriculture.com by managing your shortcuts and commodities
- Favourite articles to save for later reading
- Manage your newsletter subscriptions
- Comment on articles (restricted to members only)
- Did we mention the free RealAg Koozy?!