New figures are no surprise to wheat market

The new report from the United States Department of Agriculture (USDA) has few surprises for the global wheat trade. Therefore, the markets reacted and prices thus remain fairly stable. Compared to August, the production forecast for the worldwide wheat harvest has increased by more than 4 million tons to almost 784 million tons. This is mainly due to the higher harvest expectations in Russia. The grain trade previously thought that the Russian harvest had been estimated too low. A record har