Canada Markets
Cliff Jamieson Canadian Grains Analyst
Tue Aug 12, 2014 05:11 PM CDT

Today's USDA report released supply and demand estimates both for the United States and around the world for the grains and oilseeds, with yet another round of bearish data to weigh on the wheat market released.

Last year marked the first year that global wheat production exceeded 700 million metric tonnes, with global production reaching a record 714.07 mmt was produced. The first look at 2014/15 global projections by the USDA in May suggested that production would slip by more than 2% to 697 mmt, a level of production which was evenly matched with forecasts for global demand. A reduction ...

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