Wheat sector in 2019

As per Rabobank, “CBOT wheat remains elevated in the short term, as demand favours US supplies in early 2019”. At the same time, Rabobank, has “bearish longer-term outlook as an increase in global acreage improves the 2019 supply outlook”. IGC forecast in November that global wheat acreage in 2019/20 to increase for the first time in four years, by nearly 1% y/y, to 220 MLN HA, including predicted gains in the EU, USA, Russia, India and Australia, but dry soils are a concern in many countries.

REFERANCES

http://www.millermagazine.com/english/5g-pace-of-russian-wheat-expansion/