BOLT Marketing market analyst DuWayne Bosse the StatsCan surprised the wheat market earlier this week with a larger than expected cut in wheat stocks. “It surprised the markets a little bit with all wheat stocks of 15.5 million metric tons. The trade was expecting around the 17.3 million metric tons. Overall, since last year it’s a large drop. We knew it was going to be smaller, but didn’t think it would be that small.” Milling quality wheat supplies are tight. “It’s helping the market.”
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