NEWS
Late-Summer Outlook - 3
Bryce Anderson DTN Ag Meteorologist and DTN Analyst
Fri Aug 2, 2013 06:43 AM CDT

OMAHA (DTN) -- As the calendar moves into the final portion of the Northern Hemisphere summer, weather patterns appear favorable for spring wheat in the U.S. and the Canadian Prairies. That scenario adds to a generally bountiful wheat crop worldwide.

However, recent wheat buying by China and market rumors centering on more import needs from Brazil point out wheat is first and foremost a food crop. As such, the stocks-to-use ratio has more latitude than experienced by corn and soybeans.

"USDA's fundamental outlook for world wheat is neutral to bullish, expecting world ending stocks at 25% of annual use," said ...

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