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Grain Price News says the 2022 grain price rally has not produced enough extra output to resolve the world supply shortage. USDA sees wheat output lagging demand in 2022-23 and coarse grains such as barley, corn and oats struggling to match consumption.
The EU cut its soft wheat forecast by 5 million tonnes after dryness in France and Romania.
Persistent supply deficits in wheat and coarse grains support prices, while lukewarm production response means tightness may persist for feed buyers.
grainpricenews.comMike VerdinJul 1, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
