Brazil’s Bolsonaro authorized a new quota to buy extra Mercosur wheat without tariffs. They did this last year and it puts US and other world wheat on even playing field for up to 750.0 kmt. This is more bearish Argentine values than bullish US values, but it gives HRW a chance in M/A/M shipmentpositions.This week…
Category Archives: 2020
US wheat loses business to Canada
The market was dead and especially for O/N/D where exporters have no interest unless they need something for logistics. Last week there were more soybeans loaded from the Texas gulf than wheat. Domestic HRW has not seen a train on the spot market in the past 7-days and pipelines are drawn down. Domestic spring wheat…
