The grain market is currently a weather market in all respects. In Western Europe, abundant rain has a huge impact. In the Black Sea region and in parts of Canada and the United States it is warm and dry. The latest Wasde report from the US Department of Agriculture USDA (July 12) showed that the market balance for wheat is looking somewhat different than previously thought. The initial stock of wheat for the new 2021-22 season is smaller than earlier estimates in several countries. The Unite
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