Russian wheat supply puts pressure on the grain market

In the September publication of the Wasde report, the US Department of Agriculture (USDA) adjusts global wheat production downwards to 787 million tons. Mainly due to lower yields in Australia, Argentina, Europe and Canada. Increased Ukrainian wheat production somewhat offsets the decline. Wheat stocks suitable for export are less abundant, which means that the stocks of importing countries are also shrinking. Wheat suitable for animal feed has been increased in the world balance for Europe a