Controversy erupts at threat tax law poses to commodity buyers

wheat

But change is boon to farmers selling to cooperatives.

World Grain News
Millers, bakers upbeat after checkoff steering committee convenes
Cochran sees ‘real momentum’ to build a commitment toward program.
Brazil’s 2017-18 grain production forecast lower
Conab expects lower corn and soybean output in coming harvest year.
USDA raises 2018 wheat carryover forecast by 3%
Corn carryover forecast up 1.6%; soybeans up 6%.
USDA raises 2017 corn estimate, lowers soybeans from November
Corn production forecast at 14.604 billion bushels.
USGC appoints new global strategies coordinator
Esser will support USGC’s global strategies and trade policy and biotechnology departments.
Dec. 1 U.S. wheat stocks down 10% from 2016
USDA estimates total at 1.87 billion bushels.
Grain market risks examined
Declining transparency, inaccessible stocks, speculation and deglobalization all threats.
Afghanistan to invest in five wheat storage facilities
New sites expected to have capacity to store more than 150,000 tonnes of wheat.

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