France isn't the only European Union country with a bumper wheat crop this year.
Cotton futures ended a topsy turvy day in negative territory after US officials, noting hurricane damage, unveiled a small, but unexpected, downgrade to domestic crop hopes - but raised expectations for world supplies.
Soybean futures gained after US officials ditched expectations of a record domestic harvest this year, but headway was curtailed by a tumble in corn, for which yield estimate showed a surprise upgrade.
The strengthening El Nino and changing weather conditions in the Indian Ocean is increasing the chance of a drier than average October to December spring season in eastern Australia, according to the nation's Bureau of Meteorology.
The European Commission sharply raised its estimate for EU wheat production, but left its forecast of exports unchanged.
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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