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    OUR WHEAT MARKET STORY IS TURNING MORE BEARISH…

    18 Jul 2024
    The USDA report came with a major surprise: Canada, US, Argentina, and Australia should produce 14MT more wheat in 2024 and thus will fully compensate for the 15MT production drop in the EU & Black Sea. This will lead to more competition and more aggressive prices on the same export destinations. A more bearish picture for world wheat markets and for our domestic prices!

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