"Much improved seasonal conditions" have boosted prospects for Australia's wheat harvest, US officials said - but the increased output may not be reflected in extra exports, given tough global competition.
Grain prices rebounded after the US said its corn stocks would not rise nearly as much as investors had expected, while making a surprise cut to estimates for wheat inventories, citing strong feed usage.
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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