How great have world wheat crops been? Russia, Ukraine, China, India and Canada have all had record yields in at least two of the last three years. However, the outlook for the world's 2015 crop may be different.This is wheat week, as is evident by Monday's analysis and today's. Wheat has become my focus this week for two reasons:
The world wheat outlook is changing (at least in my opinion). I am speaking at the International Association of Operative Millers (IAOM) meeting in Cape Town tomorrow.
As I wrote on Monday, the world has produced consecutive record wheat crops that are both well in excess of 700 MMT. The previous record was approximately 660 MMT. High wheat prices have brought more wheat acres around the world, and producer...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
