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A weekly UK market report, published 28 February 2019, covers global grain markets around the WASDE release. It notes that Argentine and Australian wheat forecasts were cut, offset by higher Russian, EU and Ukrainian output, and that US maize production was lowered by 3 million tonnes.
The text also contains later-dated market content, so its timing is unclear.
A plentiful global wheat and maize supply keeps grain prices under pressure, which is supportive for feed buyers' input costs.
farminglife.comThe NewsroomFeb 28, 2019Not 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.
