Market Report 22nd March 2019
Markets trade largely sideways, though US weather developments supportive. EU soft wheat exports to non-EU destinations down only 11% y/o/y now after better sales over the last 2 months. US funds estimated net short -283k (corn), -62k (soybeans), -130k (wheat). Corn short now record large. US weekly export sales reported at 856k (corn), 299k (wheat), 1mmt (soybeans). Wheat sales fell short, with 600k/week needed to reach current targets. 300k corn business reportedly done wit