# Weekly Market Report - 13/12/2019 - COFCO

> Wheat markets drifted lower in the week to December 13 as trading thinned ahead of Christmas. USDA's December report produced little direction, with Argentine wheat cut to 19 Mmt and Australian wheat cut to 16.1 Mmt. Russia's crop was estimated at 77.9 Mmt, and Russian wheat won a recent GASC tender.

- Date: 2019-12-13 · published 2019-12-13T12:00:00.000Z
- Category: market · region Russia · magnitude low
- Page: https://feedsoft.ai/events/9221-weekly-market-report-13-12-2019-cofco
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large Russian crop and plentiful 2019/20 supply cap European and world wheat prices, so the outlook stays bearish for wheat feed alternatives.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- uk.cofcointernational.com: https://uk.cofcointernational.com/weekly-market-report-13-12-2019/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.