Weekly grain market highlights

[CRM AgriCommodities]

​ Highlights of this week from CRM AgriCommodities ​ In the build up to tonight’s USDA WASDE, this week has recorded a string of bearish headline figures. USDA Ahead of today’s USDA WASDE, the USDA slipped up and released updated area information ahead of schedule. The USDA revised upward area estimates for Corn, Soybeans and Wheat – Read more here ABARES Australian organisation ABARES released updated crop report information, providing confidence for wheat production while forecasting a record Canola crop. Read more here StatsCan The last piece of the pre-WASDE bearish news, contributing to the sliding global grain market were Canadian July 1st stock estimates, with Statistics Canada estimating stocks of particularly wheat and canola to be larger than the USDA estimates. Read more here With multiple significant data releases this week, have the bearish factors expected for tonight’s WASDDE already been factored into this week’s declining grain market? Find the report here once the report is released Subscribers can keep up to date through our weekly insight and forecast reports, videos and on Graintab.