Canadian wheat sowings will drop less sharply than thought this year, as rising durum and winter wheat seedings outweigh a fall in spring wheat sowings.
Soybeans climbed higher than $10 a bushel for the first time since July, and corn topped $4 a bushel as unfavorable weather in South America and an improving demand outlook for U.S. supplies bolstered agriculture markets.
There was no sign of the fund buying spree ending on Wednesday, as grains made fresh multi-month highs, fuelled by a short-dollar/long-commodity trend.
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About Glencore Grain
Glencore Grain, a subsidiary of Glencore, has been operating in Australia for more than 10 years.
Glencore Grain is one of the largest buyers of wheat, barley, oilseeds, pulses, sorghum and cotton direct from Australian growers, with accumulation offices located across five key growing states; Western Australia, South Australia, Victoria, New South Wales and Queensland. Read More