date:Aug 16, 2013
from 46.3 million.
Wheat production is expected to climb to 24 million tonnes, up 12.2% from the prior year. Favorable rainfall patterns continue to spread throughout central NE, KS, and OK which will help to improve planting conditions for next year's crop.
With ending stocks in the KC market sitting at a 6-year low, a strong production rebound will be needed next year. Clashes broke out in Egypt again which could result in pressure on world wheat prices on thoughts they may not issue a tende