Record Wheat Stocks Offset South American Drought

Despite the severe drought in South America, world wheat stocks have grown to record amounts this year, corn stocks are larger than expected, and India will also have a record rice crop. Brazil and Argentina both have lowered soybean harvest forecasts, both 2 million tonnes lower than the January estimate, thus bolstering US sales.

Share this via
Facebook Twitter Email

, , , , , , , , , ,

No comments yet.

Leave a Reply