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Canadian wheat bids plunge on huge crop

This article was originally published in The Public Ledger

Cash bids for western Canadian spring wheat (CWRS) were sharply lower during the week ended December 9, as basis levels widened following the Statistics Canada production report on December 4, which showed a shockingly large 37.53 million tonne 2013/14 Canadian wheat crop. The 2012/13 Canadian wheat crop produced 27.21 mln tonnes.



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