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A weekly UK grain market review notes that US grain markets closed higher, supported by strong bioethanol demand for maize. EU maize stocks are estimated at 9.9 million tonnes, the lowest in nine years, and tighter EU supply is supporting wheat prices.
Tight EU maize stocks and firm ethanol demand support feed grain prices and substitute wheat values. Buyers should expect firm corn and wheat quotes in Europe.
thescottishfarmer.co.ukAuthor UnknownFeb 14, 2017Not 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.
