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Tuesday, December 16, 2014

December WASDE - Russia driving overpriced wheat

By Angus Brown  |  Source: CBOT, USDA

The December World Agricultural Supply and Demand Estimates (WASDE) report released last week suggests the United States Department of Agriculture (USDA) sees wheat, corn and oilseed stocks building, rather than decreasing. Prices are largely rallying on concerns surrounding Russian export restrictions, rather than any real supply issues.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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