|
Fundamentals: |
Drought continues to grip the Black Sea Region.
As a result, the International Grains Council forecasted Russian
wheat exports in 2010/2011 could drop to 15.3 million tonnes, which has
the potential to shift some export demand over to the United States.
Also, supportive were weekly exports sales coming in strong at
919,900 metric tons vs. trade expectations for 300,000-400,000 metric
tons.
|