Market Alerts
28/01/2012 Talk about a Russian export tariff being imposed to restrict their exports beyond 23-25 MMT, which is expected to be reached by late April is giving the global wheat market support independant of Corn for the first time in months, but even if Russia is not involved in tenders for a few months there is a long list of alternative sources of wheat. Total global wheat supplies in 2011/12 is an all-time record by more than 37 MMT, so upside off this story is very limited from current levels and downside into mid-summer/fall remains significant.
(15/03/2012) Looking forward to fall prices despite SA Soybean losses this winter and a strong old crop usage pace on Canola, if weather isn't a major issue Canola prices will decline to $455 - $495/T and will decline $6.35 - $6.85 on Minn Wheat.
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