Tridge summary
Global supply is heavy with lower buying than in 2024. Farmers face weak bids vs. rising costs, so cash flow is tight. Mid-November wheat stocks are about 20% above y/y. The cash from the largest wheat crop was expected to compensate for the losses from the smaller corn and sunflower seed harvests. Flour use keeps
Original content
shrinking, so milling demand is down about 20% y/y. Feed rations are not switching aggressively from corn to feed wheat yet, despite the logical circumstances. Although harvesting delayed slightly, export is lower while rivals filled slots. This season Algeria and Egypt are the core buyers, Asia is harder to reach with Australia and Argentina activity. Full version of the article is available to subscribers of ‘BLACK SEA & DANUBE GRAIN’ Weekly Report by UkrAgroConsult. Request a free a sample report and apply for subscription here. Be confident ...
Source: UkrAgroConsult
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