date:Feb 07, 2013
all wheat carryout on this Friday's USDA Supply and Demand report. Export demand has improved for the US but sales and shipments remain behind the pace needed to hit the USDA export estimate.
Some traders are reporting that Russia may be removing a 5 per cent import duty on grain imports in an effort to cool rising wheat and flour prices.
The move suggests domestic stocks in Russia are tight but the market doesn't expect them to be back in the export market this crop year.
Brazil announced t