WORLD GRAIN a FEED MARKET REVIEW

摘要

Urgently-needed rains appeared to arrived just in time to ease the threat of a smaller global wheat crop in 2021, taking some of the steam out of recently strong prices on the world market. At its recent peak, the bellwether CBOT futures market's nearby delivery was up by as much as a third from its mid-year levels as traders fretted about dry weather spoiling planting plans and germination of key Northern Hemisphere winter wheat crops, especially in the top two exporting countries, the US and Russia. While both had been planting slightly ahead of normal dates, a large part of these crops risked entering dormancy in less than ideal condition.With similar weather issues, things were also looking less than ideal in Ukraine while dryness was also slicing into the now-harvesting Argentine crop, even reported at one stage to be taking the edge of (what now still looks like) a bumper Australian wheat harvest.