Futures Close 22/04/22
International Grains Council – forecast for global maize production seen down 13 million tonnes for 22/23 due to smaller crops in US and Ukraine. Numbers are clearly subject to change given the impact of the Russia / Ukraine war. For wheat forecast for 22/23, seen at 780 million tonnes down, 1mt on last year. Declines in Ukraine being largely offset by increase in both Russia and Canada.