Old crop Russian wheat been offered aggressively lower , this on the back of funds being aggressive sellers of all commodities has resulted in Australian milling wheat values being sold off over $40 per tonne this week.

Stats can lowered its wheat area by 460k ha from the April report but most expected this reduction to be much higher.
All of this has resulted in a negative flow of trade through our Grain markets.

Have a great Weekend

Robbo