Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Wed Apr 9, 2014 04:54 PM CDT

Negative news for both U.S. domestic wheat markets as well as global markets released in Wednesday's USDA report was not received well by traders. Wheat futures across the three exchanges ended between 6 1/4 cents to 12 cents lower, with nearby contracts for Chicago SRW indicating the largest losses.

While the Dow Jones survey of trade analysts indicated that the U.S. all-wheat ending stocks for 2013/14 would average an increase of 23 million bushels from last month's forecast of 558 mb to 581 mb, the April ending stocks figure was released above the average estimate at 583 mb.

The domestic ...

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