Oct 1st World Exporter Wheat Stocks
USDA projects the 23/24 world wheat exporter stocks/use ratio at 13.5%, the second lowest on record. ARC projects exporter stocks/use to be a record low 12.9% as US spring wheat production is trimmed slightly and as Australian production is lowered another 1.5-3.0 MMTs amid extreme dryness during September. Yet, such tight stocks have not put…