Futures Close 01/06/22

Constructive talks reported between Russian and the UN – regarding humanitarian export corridors / Ukraine grain exports for 2022 to release old crop stocks currently held in Ukraine and allow new crop to move.

US Corn Planting pace has caught up with the 5 year average after a very slow start – US farms have planted circa 86% of their Corn (87% 5yr av) 66% of Soybeans was also planted in line with average.