Market Report 14th December 2018
Markets close higher on the week helped by gains in US corn/soybeans. Brexit still the dominant feature for London wheat. USDA raise Global corn ending stocks by 1.29mmt to 308.8mmt (slightly above trade expectations). Global wheat ending stocks raised 1.39mmt to 268.1mmt, also marginally above trade ideas. Wheat production reduced 500tmt for Australia to 17mmt, with Canadian production increased by 300tmt to 31.8mmt. Speculation that China will resume buying of US corn from