Wheat harvest© Gary Hawkins/Rex Shutterstock
Global grain markets dropped sharply yesterday following a US Department of Agriculture report on international grain stocks and yields. Wheat, maize and soya futures from Chicago to Paris tumbled in reaction to the news, with London wheat futures dropping as low as £117.25/t for November 2015. “The result was brutal on the funds and brutal on any long holder of wheat, maize and particularly soya,” said independent grain trader Robert Kerr. “The forecasts were well outside expected parameters – it […]
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