KW Feedcast Episode 14 - 17 August 2021

This episode sees James Butt-Evans and James Barker discussing the current outlook of the raw materials markets with an update on the latest USDA report.
This had some bullish surprises for corn and wheat markets.
Although the US are still expected to have their second largest corn crop ever, the US carry out for 2021/22 was lower than trade estimates due to the difficult hot weather across some areas of the US. 
The wheat market has followed in a similar trend as we saw Russian and Canadian wheat production down heavily as hot weather impacted those crops.            

In positive news soya was relatively neutral in the USDA report, and prices while higher than last year are still good value in a ration. 

Grains are currently in a difficult place, however as James says, KW are on hand to discuss further and any alternative options to book forward.