Global wheat stock lift a surprise

By Malcolm Bartholomaeus
Updated November 13 2018 - 11:17am, first published November 12 2018 - 10:51am
Global stock lift surprises
Global stock lift surprises

The November USDA Report surprised, while also delivering against expectations. The surprise came from a lift in global wheat supplies with a lift in production and in opening stocks, while at the same time reducing the Australian crop as expected, and also lowering production estimates for Morocco, Pakistan and Ukraine. However, Canadian estimates were unchanged.

Get the latest SA news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.