Urner Barry Releases December Soy & Wheat Report
As supplies remain tight, weather will play a key role in recovery. Participants are closely monitoring Australia as it is facing record rainfall. This could impact crop quality, putting more pressure on the system. Approximately 45% of vital wheat gluten is imported into the United States from Australia and New Zealand, so these weather events could influence planting decisions in the United States.
In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this December is slightly lower supplies, unchanged domestic use, reduced exports, and...
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