Russia keeps 'Putin' up wheat production

摘要

ANOTHER lacklustre week on global grain markets concluded with a bearish jolt when the USDA released their November World Agricultural Supply and Demand Estimates (WADSE) on November 10 (Australian time).The market bulls would have certainly felt a little squirmish reading the report, especially with the corn numbers. The USDA surprised the market with a 3.6 bushel per acre (bu/ac) month-on-month increase in the national corn yield to 175.4 bu/ac. This equates to 4.46 tonnes per hectare.