date:Jul 25, 2013
gnificant dip in the Chicago futures market but no confirmation has been made of any trades. Basis was steady in the western Corn Belt for KC wheat.
Traders noted applications of trains were being made as we inch towards the end of the month. New crop harvest is just in its beginning stages in NE. As of July 22nd, Russia had harvested 25.4 million tonnes of wheat, up 9 million from last year.
The average yield at this point was estimated at 3.15 tonnes per hectare as compared with 2.54 at the