{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5f157646d2d4a32aae53b3f6/5f2d5d6ff349595f89a6723a?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Frontrunner - 7th August 2020","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5f157646d2d4a32aae53b3f6/1596808438203-08f4cb0a86bf390fcb5b2cfbcd66cccd.jpeg?height=200","description":"<p>US Chicago Board of Trade (CBOT) wheat futures lost 5% of their value this week as traders reacted to increases in crop estimates for some of the world's major wheat producers. Improving Russian prospects were highlighted as a primary driver for the move. The Institute for Agricultural Market Studies (IKAR) raised its estimate to 79.5 million tonnes from 78 million tonnes as the Russian wheat harvest reached 46% completion and average yields surpassed last year, up to 3.66t/ha from 3.62t/ha.</p><p><br></p><p>49.7 million tonnes have been combined compared to 46.7 million tonnes at the same time last year. Additional selling pressure came from news that Canadian farmers could harvest a record wheat crop this season.</p>","author_name":"Frontier Agriculture"}