Posted 6/11/2021 07:38 (#9052945) Subject: Wheat over a dollar cheaper than corn in feedlot country.
Wheat exports have not gone over the cliff.. but with reports of Black Sea Wheat being imported into the US for the first time (??) at mills on the coast.. and a record world crop on the WASDE yesterday.. tariffs not withstanding..??
“The global wheat outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and higher stocks. Supplies are projected to increase 4.3 million tons to 1,087.9 million, mainly on higher production for the EU, Russia, and Ukraine as world production is projected at a record 794.4 million” metric tons.