Confidence restored after consistent rainfall in east

By Matt Wallis, Awb
July 15 2020 - 9:00am
Global wheat supply and demand are 'sitting comfortable' but we may need to see a cut in production to create a more supportive market.
Global wheat supply and demand are 'sitting comfortable' but we may need to see a cut in production to create a more supportive market.

The July US Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) were released last week and the data fell in-line with the market's expectations, following-on from the June stocks and acreage report.

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