Updates from Brazil, China and Canada have the potential for big price impacts.
Brazilian soybean crop estimates continue to be reduced. MB Agro, AgRural, IME and South American crop consultant Dr. Michael Cordonnier have all cut their crop estimates within the past week.
Canadian wheat production is bigger than expected. Canada’s wheat crop is estimated at 32.0 MMT by Statistics Canada, up from the 29.8 MMT forecast in September
Moody's cuts China's credit outlook: The downgrade reflects growing evidence Beijing will have to provide more financial support for debt-laden local governments and state firms, posing broad risks to China’s fiscal, economic and institutional strength, Moody’s said.
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