U.S. wheat futures rose more than 1.5% on Tuesday to an 8-day high as fears over global production grew after Australia said output had fallen to its lowest level since 2008, reports Reuters.
Ukraine’s grain exports are up 24.5% at 38.4 million tonnes so far in the 2019/20 July-June season. Brazilian soybean production in the 2019/2020 cycle is expected to reach a record 125.6 million tonnes.
