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World Agricultural Supply and Demand Estimates July 12th, 2017

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    #1

    World Agricultural Supply and Demand Estimates July 12th, 2017

    [URL="https://www.usda.gov/oce/commodity/wasde/latest.pdf"]https://www.usda.gov/oce/commodity/wasde/latest.pdf[/URL]

    Interesting U.S. Wheat numbers on page 11
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    #2
    US HRS stocks/use goes from 41% in 2016/17 to 21.7% in 2017/18

    Durum stocks/use trimmed 4.6% with US imports forecast to increase about 300,000 tonnes.
    Canada the main supplier to the US. Can't hurt.

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      #3
      market gurus here even though aust is dry probs in usa Canada they keep belting into us farmers there is still a lot of wheat in the world this weather rally is a sell.

      guess its hard to look past your own patch big wide grain growing world out there.

      time will tell in about 4 weeks things could change and numbers be way different if aust or Canada becomes "super" dry

      Comment

        #4
        The world is a wash with grain.

        They keep telling us that but funny most areas have issues. No one is bragging how big their crops are.

        The USA always is full of shit with their reporting.

        Ah grain market game continues.

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