World Agricultural Supply and Demand Estimates

Ending stocks for 2019/20 are projected 72 million bushels lower than last month at 1,000 million. The projected season-average farm price is $5.20 per bushel, up $0.10 from last month on reduced stocks. Foreign 2019/20 wheat supplies are decreased 10.5 million tons primarily on lower production in several major exporting countries. ................
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