To grind lower it seems.
Russia’s AgMin yesterday raised 2020 grain production estimate from 120.0 to 122.5 MMT (now up from 121.2 MMT in 2019), incl. 75 MMT of wheat; they see 2020/21 (July-June) grain exports at 45.0 MMT, up from 43.0 MMT estimated through the ending of 2019/20
Russia’s AgMin yesterday raised 2020 grain production estimate from 120.0 to 122.5 MMT (now up from 121.2 MMT in 2019), incl. 75 MMT of wheat; they see 2020/21 (July-June) grain exports at 45.0 MMT, up from 43.0 MMT estimated through the ending of 2019/20
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