International Wheat Market Report 05 Nov 2018

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wheat this month is larger supplies, reduced domestic use, unchanged exports, and higher ending stocks. Wheat production is raised 7 million bushels to 1,884 million from the NASS Small Grains Summary ,issued on September 28. Projected imports increased 5 million bushels to 140 million on higher-than-expected imports of spring wheat and Durum in the first quarter (June-August). The NASS Grain Stocks report indicated a 21 percent year -to-year increase in implied appearance for first quarter feed and residual.

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