While it has not sent prices higher as of yet, the wheat market has been fed a little more positive news. According to COCERAL, production in the European Union is projected to dip around 5% to 137.9 MMT from 145.7 MMT last year. Too much rain in the major producing…
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Phase One of the new U.S./Chinese trade agreement became official over the weekend, but that does not appear to be the key driver for grain and soy prices this morning. No, that honor would seem to go to concerns about declining global wheat supplies. The Australian government has now lowered…