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The commodity markets were closed yesterday for Presidents' Day so there are no market prices to report. Today rather we will be discussing India and its recent emergence into the world wheat exporting market.
Farm of the Future
The WASDE report results for wheat was bullish with all wheat production coming in at 2.22 billion bushels which was below expectations and compared to 2.23 billion last month.
The USDA's WASDE Report was released yesterday and it caused a roller coaster ride in the grain markets. Wheat futures were highly volatile on Wednesday posting double-digit gains and losses during the session