Thursday...September 2nd...10:03 AM

 

The USDA's export sales report confirmed 'better than expected' action in corn, wheat and meal. Global wheat and grain demand remains solid. Domestic end-users and large importing nations all active during the week...Vladimir Putin says he would consider lifting Russia's grain embargo after next year's harvest had been collected. This 'cautious statement' indicates the export ban could stretch much longer than previously expected and helps 'solidifies the downside' . Food and politics usually makes for opportunities and choppy, volatile trading conditions…(The Scoular Company)

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