There were no significant movements in crop prices in Europe and America, with prices returning almost to where they started a week ago after a relative increase. In Chicago, wheat became 0.1 percent cheaper, while corn and soybeans each became 0.7 percent cheaper, and canola became 1.5 percent more expensive. In Europe, the price of milling wheat decreased by 1.7 percent, while feed wheat decreased by 0.6 percent, corn increased by 0.1 percent, and canola increased by 0.3 percent. Grain futures prices fell on Friday after the United States Department of Agriculture (USDA) published its latest global agricultural supply and demand estimates, the WASDE report, in which the agency's projected supply figures were less reduced than analysts had expected. Grain stocks generally appear abundant, especially for U.S. corn. "The corn yield is surprisingly high, pushing U.S. exports above expectations," added Doug Bergman, a member of RCM Alternatives. He added that the USDA's global market ...
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