The wider grains complex was pulled higher by a rally in wheat this week due to a reduction in production forecasts and reports of worse than expected quality. Corn markets remain well supplied.
The global grains market remains comfortably supplied this week. However, volatility remains as events in the Black Sea continue to be unpredictable. Weather events could be the wild card for prices.
The US Department of Agriculture has flagged that India’s wheat stocks are falling to very low levels. India’s government prioritises food security. Might imports be on the horizon?
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