date:Jun 27, 2013
surge of fresh supply hits the market but the bushels are quickly being absorbed by feeders and exporters who have commitments for the 13/14 crop year.
Statistics Canada estimated that farmers in Canada will plant 25.9 million acres of all-wheat in 2013/14, the most in 12 years but down from the April estimate of 26.6 million. The trade was looking for 26.2 million acres.
It was also reported midday that a large international trading firm increased their German wheat production forecast to 24