NEWS
Market Matters
Cliff Jamieson Canadian Grains Analyst
Wed Aug 27, 2014 05:19 PM CDT

All indications point to a large global wheat crop this year. The most recent USDA report forecast global production at a record 716.09 million metric tonnes, up almost 11 mmt or 1.5% from last year's crop. Sounds bearish? Perhaps not so.

Crop quality around the world has the potential to become a larger and larger issue. For example:

-- Recent reports have France importing wheat to bring up their quality in order to meet export commitments, with a large percentage of French production failing to meet milling quality. Algeria, one of their top customers, has since stated that they will ...

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