As Yous Tin Enjoin From The Wheat Chart, The Globe Agricultural Furnish As Well As Bespeak Estimates For September Are Out

Here's FinViz Wheat (5-minute chart):

And here's the WASDE from the USDA Office of the Chief Economist:

WHEAT: The U.S. 2018/19 wheat provide together with need estimates are unchanged from terminal month. There are offsetting by-class changes for both exports together with imports . The season- ave rage farm cost arrive at is unchanged at the midpoint of $5.10 per bushel together with the arrive at is narrowed $0.20 per bushel to $4.70 to $5.50.

Global wheat supplies for 2018/19 are raised 4.7 1000000 tons on a 3.4- 1000000 -ton production increment together with higher firstly stocks. The Russian crop is raised 3.0 1000000 tons on harvest results to engagement inwards the wintertime wheat share together with continued fantabulous conditions inwards the saltation wheat belt. Republic of Kazakhstan is raised 0.5 1000000 tons too on fantabulous saltation wheat conditions. Prod uction is increased 2.7 1000000 tons inwards Bharat to a tape 99.7 1000000 on updated regime data. These increases are partially offset past times a 2.0- 1000000 -ton decrease inwards Commonwealth of Australia together with a 1.0- 1000000 -ton decrease inwards Canada, both reflecting continued dry out conditions during the growing season. Global exports are lowered 2.5 1000000 tons amongst a 2.0- 1000000 -ton reduction for Commonwealth of Australia together with a 0.5- 1000000 -ton reduction for Canada, both on smaller crops. Republic of Indonesia together with Islamic Republic of Iran imports are downward 1.0 1000000 tons together with 0.5 m illion tons, respectively. Global role is raised 2.3 1000000 tons primarily on a 2.0- 1000000 -ton increment for Russian Federation feed together with balance role together with a 1.0- 1000000 -ton increment for European Union feed together with balance use. With full supplies ascension faster than use, global endi ng stocks are raised 2.3 1000000 tons to 261.3 1000000 precisely are five percentage below terminal year’s record.

 COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for larger production , increased domestic use, greater exports, together with higher ending stocks. Corn production is forecast at 14.827 billion bushels, upwardly 241 1000000 from terminal calendar month on an increased yield forecast. If realized, the crop would move the 2d highest on record. Among the major producing states, yields are forecast to move tape high inwards Illinois, Iowa, Nebraska, Indiana, Ohio, together with South Dakota. Corn supplies are higher from terminal month, equally a larger crop to a greater extent than than offsets a small-scale turn down inwards firstly stocks due to higher estimated exports for 2017/18. Feed together with balance role for 2018/19 is raised fifty 1000000 bushels amongst a larger crop together with lower expected prices. Corn used for ethanol is raised 25 1000000 bushels. With provide ascension to a greater extent than than use, corn ending stocks are upwardly ninety 1000000 bushels from terminal month. The season- average corn cost received past times producers is projected 10 cents lower amongst a midpoint of $3.50 per bushel.

Global coarse grain production for 2018/19 is forecast upwardly 5.1 1000000 tons to 1,347.2 million. The 2018/19 unusual coarse grain outlook is for lower production, greater consumption, increased trade, together with reduced stocks relative to terminal month. Foreign corn production is forecast higher than terminal calendar month amongst projected increases for the EU, Angola, Paraguay, Turkey, together with Serbia to a greater extent than than offsetting declines for Canada, South Africa, together with Guatemala. European Union corn production is raised, generally reflecting increases for Romania, Hungary, Bulgaria, together with France. In both Republic of Bulgaria together with Romania, yields are expected to move tape high.

World barley production... 

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Here's today's corn chart, too via FinViz: