date:Jul 16, 2013
bears still point towards near record large production this year. A farm coop in Germany estimated their harvest at 24.07 million tonnes of wheat in 2013/14, up 7.5% from 22.38 million tonnes in 2012. That was slightly higher than their June estimate.
Harvest will advance in the west this weekend with many producers uninterested in selling additional grain out of the field given the drop in board prices.
This, along with strong feed and export bids from the Texas Gulf has helped support cash