Late last Friday afternoon, the United States Department of Agriculture (USDA) published its September World Agricultural Supply and Demand Estimates (WASDE) report. It increased wheat production estimates for Australia, Canada and the EU, adding 4.5 million tonnes to world output, bringing the total prediction to 770.49 million tonnes and increasing season end stocks to 319.37 million tonnes. This is up almost 20 million tonnes on the year.
You can also listen to the Frontrunner audio blog - press play to hear the latest report. The Frontrunner audio blog is read this week by farm trader, Ollie Wilson.