Thursday Morning Snippets
Japan has bought 133,000 MT of wheat in it's usual routine weekly tender, 70,000 MT was US origin.
The Romanian government may owe up to EUR100 million in VAT refunds on grain shipments from the country to some of the world's largest grain merchants, including the likes of Glencore, Cargill and Bunge, according to media reports.
Rains in parts of NSW and Queensland last week may have come just in time to stop the wheat crop being downsized in next week's ABARE report analysts are saying.
FranceAgriMer have increased it's estimate for French soft wheat production to 37.5 MMT.
India's monsoon rains to Sept 7th are 20% lower than normal, the largest deficiency since 1972.
Crude oil is over $72/barrel as OPEC say they will hold output steady, and the dollar remains weak.
The Romanian government may owe up to EUR100 million in VAT refunds on grain shipments from the country to some of the world's largest grain merchants, including the likes of Glencore, Cargill and Bunge, according to media reports.
Rains in parts of NSW and Queensland last week may have come just in time to stop the wheat crop being downsized in next week's ABARE report analysts are saying.
FranceAgriMer have increased it's estimate for French soft wheat production to 37.5 MMT.
India's monsoon rains to Sept 7th are 20% lower than normal, the largest deficiency since 1972.
Crude oil is over $72/barrel as OPEC say they will hold output steady, and the dollar remains weak.