Frontrunner - 31st July 2020

<p>Last Friday, global markets saw a considerable lift following reports of significant export sales to China from the US for corn and soybeans.&nbsp;On Monday, however, this lift was wiped out on the back of increased Russian wheat crop estimates and less than expected US wheat shipments.</p><br><p>The Institute of Agricultural Market Studies (IKAR) increased its Russian wheat production estimate to 78 million tonnes. This is up from 76.5 million tonnes previously and comes as a result of the higher yields being seen in the Black Earth region, which are moving the average closer to that of last year due to the increased area drilled.</p><br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>