World grain stocks will fall by less than had been thought next season, the International Grains Council said, nudging higher its harvest forecast, while trimming wheat demand expectation too.
Money may grow on trees after all.
At least, to judge by the change in investor thinking towards agriculture noted by Marc Sadler, adviser on risk and markets to the World Bank's agriculture global practice.
Hedge funds extended their shorting spree on agricultural commodities to the second longest on record, prompting ideas that selling may have gone too far - with one commentator likening the wheat market to a geyser about to blow.
"Considerable transport problems", prompted by a scramble to exploit strong demand for pulses and canola, will deny Australia a record in wheat exports this season, and prompt a far bigger drop in 2017-18 than has been forecast.
6 March 2017
South Australian barley growers have the opportunity to meet end-use customers from Japan this week in a special tour organised by Glencore Grain.
Representatives from Japan's largest Shochu producer ‘Sanwa' are visiting the Yorke Peninsula and ...
29 November 2016
A fleet of seven new BlazeAid trailers are ready to help South Australians recover from natural disasters following donations from local grain growers, Glencore Grain and Viterra.
The seven fencing trailers...
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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