IGC report: 15/16 maize crop cut by 8 Mt due to drought,
16/17 wheat to decrease by 3% y/y to 706 Mt
- Slow, mostly "routine" demand for cereals, prices remain
under pressure, in particular wheat
- ARG: cheapest origin for low quality wheat
- RUS: gov' might review exp tax scheme (extend it?)
- Freight costs fell further reaching new historic lows