International Wheat Market Report 07th Nov 2019

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The outlook for 2019/20 U.S. wheat this month is for smaller supplies, reduced total use, and rising ending stocks. Wheat production is cut 18.5 million bushels to 1,962 million based on the NASS Small Grains Summary, issued on September 30. Projected imports are lowered 15 million bushels to 120 million on a slow pace to date. The NASS Grain Stocks report raised 2018/19 ending stocks 8 million bushels and estimated first quarter 2019/20 stocks

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