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Wheat prices fell after India raised its forecast for the new season to a record 102 million tonnes. Ukraine, Russia and the US all cut or raised weekly export volumes.
Algeria's OAIC rejected a Romanian wheat cargo over insect damage, and Morocco scheduled a 921,000-tonne tender for September 5.
A record Indian crop and heavy Black Sea supply give buyers leverage and push world wheat prices lower, while quality rejections and tenders add short-term volatility.
graintrade.com.uaAug 20, 2019Not 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.
